Deutsche Bank Starts Demandware (DWRE) at Buy; SaaS eCommerce Leader

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Deutsche Bank initiates coverage on Demandware (NYSE: DWRE) with a Buy. PT $37.00.

Deutsche analyst said, "Demandware is the leading provider of powerful ecommerce solutions delivered through a disciplined, multi-tenant SaaS model. SaaS delivery creates significant differentiation from the legacy, on-premise and single-tenant, hosted competitors. The company has been successful in moving upmarket as large retailers have started to embrace the rapid innovation of SaaS and the company’s products have gained referenceability. Demandware operates in a large addressable market that is benefiting from the retail industry shifting its focus to ecommerce."

For an analyst ratings summary and ratings history on Demandware click here. For more ratings news on Demandware click here.

Shares of Demandware closed at $28.28 yesterday, with a 52 week range of $23.31-$31.98.

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