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Investment analysts at BMO Capital Markets lifted their price target on shares of Demandware (NASDAQ:DWRE) from $68.00 to $75.00 in a note issued to investors on Wednesday, StockRatingsNetwork reports. BMO Capital Markets’ price target suggests a potential upside of 7.14% from the company’s current price.

Other equities research analysts have also recently issued reports about the stock. Analysts at Canaccord Genuity raised their price target on shares of Demandware from $80.00 to $85.00 in a research note on Wednesday. They now have a “buy” rating on the stock. Separately, analysts at Zacks upgraded shares of Demandware from a “neutral” rating to an “outperform” rating in a research note on Monday, January 20th. They now have a $73.70 price target on the stock. One equities research analyst has rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $64.82.

Demandware (NASDAQ:DWRE) traded down 0.71% during mid-day trading on Wednesday, hitting $69.50. 608,118 shares of the company’s stock traded hands. Demandware has a 52 week low of $23.90 and a 52 week high of $73.53. The stock has a 50-day moving average of $65.61 and a 200-day moving average of $54.41. The company’s market cap is $2.154 billion.

Demandware (NASDAQ:DWRE) last issued its quarterly earnings data on Tuesday, February 11th. The company reported $0.16 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.15 by $0.01. The company had revenue of $35.54 million for the quarter, compared to the consensus estimate of $33.24 million. During the same quarter in the prior year, the company posted $0.10 earnings per share. The company’s quarterly revenue was up 35.0% on a year-over-year basis. Analysts expect that Demandware will post $-0.08 EPS for the current fiscal year.

Demandware, Inc (NASDAQ:DWRE) is a provider of software-as-a-service e-commerce solutions that enable companies to design, implement and manage their own customized e-commerce sites, including Websites, mobile applications and other digital storefronts.

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