Needham Maintains Buy on Endava, Lowers Price Target to $68
Portfolio Pulse from richadhand@benzinga.com
Needham analyst Mayank Tandon maintains a Buy rating on Endava (NYSE:DAVA) but lowers the price target from $90 to $68.
May 24, 2023 | 10:45 am
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Needham analyst maintains Buy rating on Endava (NYSE:DAVA) but lowers price target from $90 to $68.
The news directly mentions Endava (NYSE:DAVA) and the lowered price target by Needham analyst Mayank Tandon. While the Buy rating is maintained, the reduced price target may have a neutral impact on the stock price in the short term as it indicates a lower expected return, but still suggests a positive outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100