TD Cowen Maintains Outperform on Endava, Lowers Price Target to $52
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Bryan Bergin has maintained an Outperform rating on Endava (NYSE:DAVA) but has lowered the price target from $85 to $52.

March 01, 2024 | 1:09 pm
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TD Cowen maintains an Outperform rating on Endava but lowers the price target from $85 to $52.
The reduction in price target by TD Cowen, despite maintaining an Outperform rating, could lead to short-term negative sentiment among investors. This adjustment reflects a significant decrease in the expected future stock price, potentially due to revised earnings expectations or market conditions, which might impact investor confidence and result in a short-term decrease in stock price.
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