Citigroup Downgrades Endava to Neutral, Lowers Price Target to $40
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Ashwin Shirvaikar downgrades Endava (NYSE:DAVA) from Buy to Neutral and lowers the price target from $90 to $40.
March 01, 2024 | 7:41 pm
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NEGATIVE IMPACT
Endava's stock rating was downgraded by Citigroup from Buy to Neutral, with a significant reduction in price target from $90 to $40.
The downgrade from Buy to Neutral by a major analyst like Citigroup, coupled with a more than 50% reduction in price target, is likely to negatively impact investor sentiment and the short-term stock price of Endava.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100