Canaccord Genuity Starts Demandware (DWRE) at Buy; Multiple Channels of Growth
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Price: $74.97 --0%
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
Rating Summary:
10 Buy, 11 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 13 | Down: 14 | New: 11
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Canaccord Genuity initiates coverage on Demandware (NYSE: DWRE) with a Buy. PT $32.00.
Analyst, Richard Davis, said, "There is significant value to being the largest and fastest growing next-generation cloud eCommerce platform available for public investors. This describes Demandware now that the firm appears to have crossed the chasm to its “tornado of growth” phase. If we are correct that the firm has several rapid growth years ahead, then DWRE shares are likely to not only grow into today's high valuation, but to meaningfully outperform the market during this ramp phase."
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.
Analyst, Richard Davis, said, "There is significant value to being the largest and fastest growing next-generation cloud eCommerce platform available for public investors. This describes Demandware now that the firm appears to have crossed the chasm to its “tornado of growth” phase. If we are correct that the firm has several rapid growth years ahead, then DWRE shares are likely to not only grow into today's high valuation, but to meaningfully outperform the market during this ramp phase."
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.
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