Canaccord Genuity Reiterates a 'Buy' on Demandware (DWRE); User Conference Reinforces Bullish Stance
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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 reiterates a 'Buy' on Demandware (NYSE: DWRE) price target of $32.00.
Analyst, Richard Davis, said, "There are three primary reasons that we are bullish on DWRE’s both near- and long-term prospects: 1) a business model with two levers to growth – new customers and installed base eCommerce growth; 2) a competitive set that largely consists of legacy, on-premise vendors selling aging technology; and 3) the powerful combination of accelerating revenue growth and meaningful operating leverage. Our conversations with existing and prospective customers as well as insights into the firm’s product strategy at yesterday’s Xchange user’s conference reinforced our constructive outlook."
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 $27.95 yesterday.
Analyst, Richard Davis, said, "There are three primary reasons that we are bullish on DWRE’s both near- and long-term prospects: 1) a business model with two levers to growth – new customers and installed base eCommerce growth; 2) a competitive set that largely consists of legacy, on-premise vendors selling aging technology; and 3) the powerful combination of accelerating revenue growth and meaningful operating leverage. Our conversations with existing and prospective customers as well as insights into the firm’s product strategy at yesterday’s Xchange user’s conference reinforced our constructive outlook."
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 $27.95 yesterday.
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