NEW YORK (TheStreet) -- Shares of Demandware (DWRE) are flat at $74.68 before Tuesday's market open, as Barclays raised its price target to $75 from $43 and maintained its "equal weight" rating on the stock.
The firm's readjustment this morning comes after Salesforce.com (CRM) offered to acquire the Burlington, MA-based enterprise-class cloud commerce solutions provider for $2.8 billion last week.
If approved, the deal is expected to close by July 31.
"We think that Demandware is a solid addition for Salesforce, as it is the premier SaaS e-commerce platform vendor. Salesforce is creating a new cloud called Commerce Cloud with Demandware at the core," Barclays analysts said in an investor note.
Commerce Cloud will allow Salesforce to "attack the e-commerce market," the firm stated.
Separately, TheStreet Ratings rated Demandware as a "sell" with a score of D+.
This is driven by multiple weaknesses, which can be seen in multiple areas, such as its deteriorating net income, disappointing return on equity and feeble growth in its earnings per share.
You can view the full analysis from the report here: DWRE
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this articles's author.