Deutsche Bank Reiterates Buy Rating On Art Technology Group (ARTG)

In a research report released today, Deutsche Bank DB reiterated their Buy rating and $6 price target on shares of Art Technology Group ARTG. Deutsche Bank (DB) analysts wrote that they expect for ARTG to garner a premium valuation over time as it demonstrated accelerating growth and margin outperformance. The company currently trades at 16x forward earnings, which is comparable with the broader software complex. The firm believes that ARTG can grow 23% on a year over year basis. During today's trading session, the stock has gained 0.53% to $3.76. During the last six months, ARTG has lost over 10% of its market cap. The company's market cap is now $588.80 million and the stock has a beta of 1.29, so the security should be considered speculative by investors. Art Technology Group, Inc. (ARTG) develops and markets a suite of e-commerce software products. ATG Commerce is an e-commerce platform and set of e-commerce applications, which the Company delivers through perpetual software licenses, software as a service (SaaS) or on a managed services basis.