Goldman Sachs Starts Demandware (DWRE) at Neutral Citing Valuation

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Goldman Sachs initiates coverage on Demandware (NYSE: DWRE) with a Neutral. PT $30.00.

The firm said while they see the company as one of the best positioned Software-as-a-Service vendors longer term they see limited near-term upside in the stock and belives the stock will need to grow into its multiple.

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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