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In a note released earlier today, Mizuho analyst, Abhey Lamba initiated coverage of Demandware, Inc.
DWRE with a Buy and a $70 price target.
Lamba commented, "Demandware's could-based offering is very attractive. DWRE has a significant opportunity to increase penetration among e-commerce players, which combined with growing adoption of e-commerce should drive growth of ~45-50 percent through FY18."
Looking forward, Lamba is estimating revenue and EPS of $155 million and $0.04 in 2014 and $213 million and $0.15 in 2015.
Amid the note from Mizuho, shares of Demandware are trading up ~1.5 percent to ~$62.10 in the early hours of Wednesday's market session.
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