Citigroup Maintains Buy on Endava, Raises Price Target to $90
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar has reaffirmed a Buy rating on Endava (NYSE:DAVA) and increased the price target from $70 to $90, indicating a positive outlook on the company's stock.
January 17, 2024 | 11:58 am
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Citigroup analyst Ashwin Shirvaikar maintains a Buy rating on Endava and raises the price target from $70 to $90, suggesting confidence in the company's growth prospects.
The increase in price target by a reputable analyst like Ashwin Shirvaikar from Citigroup typically generates positive sentiment among investors and can lead to a short-term increase in the stock price. The Buy rating reaffirms the analyst's confidence in the company's future performance, which may influence investors to share this optimistic outlook.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100