Susquehanna Maintains Positive Rating for Endava: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Susquehanna has maintained its Positive rating on Endava (NYSE:DAVA) but lowered its price target from $83.00 to $66.00. Despite this, Endava's shares have risen 1.34% in the last 24 hours to $37.80. A move to the new target price would represent a 74.6% increase. Endava, founded in 2006, is an IT services company focusing on digital transformation and software development, primarily serving the U.K. and Europe in the payments, financial services, technology, media, and telecom sectors.
March 12, 2024 | 5:00 pm
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POSITIVE IMPACT
Susquehanna maintains a Positive rating on Endava but lowers its price target from $83.00 to $66.00. The stock has risen 1.34% to $37.80, indicating potential for significant growth.
Despite the reduction in price target, the maintenance of a Positive rating by Susquehanna and the current upward trend in Endava's stock price suggest a positive outlook. The significant gap between the current price and the new target indicates potential for substantial growth, which could attract investor interest and drive the stock price up in the short term.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100