Needham Maintains Buy on Endava, Raises Price Target to $70
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon has reaffirmed a Buy rating on Endava (NYSE:DAVA) and increased the price target from $65 to $70.
November 16, 2023 | 10:42 am
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POSITIVE IMPACT
Needham analyst Mayank Tandon maintains a Buy rating on Endava and raises the price target from $65 to $70, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a bullish outlook on the stock, suggesting that the analyst expects the stock to perform well in the near term. This can often lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100