Market Overview

UPDATE: Deutsche Bank Reiterates Buy Rating, Raises PT on Demandware on 4Q12 Revenue Report

Related DWRE
Demandware To Buy CQuotient, No Terms Disclosed
Benzinga's Top Upgrades
Can Demandware Make You Money? (Fox Business)

In a report published Friday, Deutsche Bank reiterated its Buy rating on Demandware (NYSE: DWRE), and raised its price target from $40.00 to $42.00.

Deutsche Bank noted, “Demandware reported 4Q12 revenue of $26.3m that was ahead of us/Street @ $24.1m/$23.5m due to a better than feared shopping season that drove GMV overages of $10.1m vs us @ $8.4m. Growth in the core subscription was 56% in 4Q12 and finished the year +58%. GMV outperformance dropped to the bottom line with EPS of $0.17 well ahead of us/Street @ $0.03. The year ended with DWRE's existing customers growing their GMV by an average 34%, well ahead of eComm industry trends.”

Demandware closed on Thursday at $30.00.

Latest Ratings for DWRE

DateFirmActionFromTo
Aug 2014Goldman SachsUpgradesNeutralBuy
Aug 2014BarclaysMaintainsOverweight
May 2014BarclaysMaintainsOverweight

View More Analyst Ratings for DWRE
View the Latest Analyst Ratings

Posted-In: Deutsche BankAnalyst Color Price Target Analyst Ratings

 

Related Articles (DWRE)

Around the Web, We're Loving...

Get Benzinga's Newsletters