Market Overview

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

Share:
Related DWRE
Wedbush Securities Believes 2015 Outlook Continues To Point To Secular Momentum For Demandware
Wedbush Positive on Demandware Ahead of 4Q14 Results
Demandware: Don't Ignore The Competition (Seeking Alpha)

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
Nov 2014Mizuho SecuritiesInitiates Coverage onBuy
Nov 2014BarclaysMaintainsOverweight
Aug 2014Goldman SachsUpgradesNeutralBuy

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...