A Closer Look at 4 Analyst Recommendations For Endava
Portfolio Pulse from Benzinga Insights
Endava (NYSE:DAVA) has been evaluated by 4 analysts over the last three months, with recent updates showing a bullish trend. The average 12-month price target is now $79.25, up from the previous $67.67, with the highest estimate at $90.00. Analysts from Citigroup, HSBC, JP Morgan, and Needham have raised their price targets, reflecting positive sentiment towards Endava's market position and performance, despite some financial challenges such as a recent revenue decline and below-average ROE.
January 17, 2024 | 12:00 pm
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Analysts have raised their price targets for Endava, indicating a bullish sentiment. The average price target increased to $79.25, with Citigroup's highest at $90. Despite a revenue decline and low ROE, the company's strong net margin and ROA, along with low debt, may attract investors.
The increase in the average price target and positive adjustments by analysts from reputable firms such as Citigroup and HSBC suggest a strong bullish sentiment that could influence investor perception and drive the stock price up in the short term. The financial indicators, despite some challenges, show a company with a strong net margin and ROA, which could further support the stock's performance.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100