Wedbush Securities Believes 2015 Outlook Continues To Point To Secular Momentum For Demandware

In a report published Friday, Wedbush Securities analyst Shyam Patil reiterated an Outperform rating and $70.00 price target on Demandware Inc (NYSE: DWRE).

In the report, Wedbush Securities noted, "Demandware reported a solid 4Q and provided relatively in-line guidance for 2015 (after adjusting for Tomax and FX). Moreover, bookings were healthy and the company closed two 7-figure deals, bringing the annual total to 10. We believe the outlook remains strong, as Demandware has several growth drivers in play, including further penetration of large enterprises, extension of its omni-channel capabilities (distributed order management, DSS, virtual POS), and deeper global expansion, particularly in Europe and APAC. We are reiterating our OUTPERFORM rating and $70 price target."

Demandware closed on Thursday at $55.78.