Business

Mass. Movers

Analyst report gives lift to Demandware

Demandware’s president and CEO Thomas Ebling.
Suzanne Kreiter/Globe Staff
Demandware’s president and CEO Thomas Ebling.
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Burlington’s Demandware Inc. rose after Oppenheimer analysts set a $40 price objective, according to a stock ratings firm. The firm has an “outperform” on the stock. Analysts expressed confidence in the company’s “upward growth driven by faster share gains.” The report added that industry consolidation trends are expected to positively help Demandware’s market positioning. Demandware provides software-as-a-service e-commerce solutions that enable firms to design and manage their own e-commerce sites.