Oppenheimer Starts Demandware (DWRE) at Outperform

April 24, 2012 11:26 AM EDT
Get Alerts DWRE Hot Sheet
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
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Oppenheimer initiates coverage on Demandware (NYSE: DWRE) with a Outperform. PT $35.00.

The firm comments, "Led by an experienced management team, DWRE is targeting a large and rapidly growing market via multiple growth avenues. The company provides differentiated software-as-a-service (SaaS) technology that enables customers to easily design, implement and manage their own customized e-commerce sites, including websites, mobile applications and digital storefronts. DWRE's SaaS financial model provides meaningful top-line visibility, and proprietary technology creates a formidable barrier to entry."

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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