Morgan Stanley Reiterates Overweight on Endava, Maintains $70 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has reiterated an Overweight rating on Endava (NYSE:DAVA) and maintained a $70 price target.
July 17, 2023 | 1:30 pm
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Endava's stock rating has been reiterated as Overweight by Morgan Stanley, with a maintained price target of $70.
The reiteration of an Overweight rating by a major financial institution like Morgan Stanley generally indicates a positive outlook for the stock. This could potentially lead to an increase in investor confidence and a subsequent rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100