Unveiling 5 Analyst Insights On Endava
Portfolio Pulse from Benzinga Insights
Five analysts have recently updated their ratings on Endava (NYSE:DAVA), with a consensus leaning towards a neutral stance. The average 12-month price target for DAVA has been raised to $81.2, indicating a 14.77% increase from the previous target of $70.75. Analysts from JP Morgan, Morgan Stanley, Citigroup, and HSBC have all adjusted their price targets upwards, reflecting a positive outlook on the company's performance despite a revenue decline of -3.95% for the quarter ending 30 September 2023. Endava's net margin and ROA outperform industry averages, while its ROE and revenue growth rate lag behind.
February 14, 2024 | 6:01 pm
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Endava's stock has received updated ratings and price targets from analysts, with a new average 12-month price target of $81.2. Despite a recent revenue decline, the company's profitability and asset management efficiency are highlighted positively.
The increase in the average price target to $81.2, up from $70.75, suggests a positive outlook from analysts, likely due to Endava's strong net margin and ROA. However, the recent revenue decline may temper short-term gains, making the overall impact on the stock price likely positive but with caution due to revenue performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100