Endava shares are trading higher after JP Morgan upgraded the stock from Neutral to Overweight with a $49 price target. Additionally, Guggenheim initiated coverage on the stock with a Buy rating and a price target of $60.
Portfolio Pulse from Benzinga Newsdesk
Endava's stock (DAVA) is trading higher following positive analyst actions. JP Morgan upgraded DAVA from Neutral to Overweight with a $49 price target, and Guggenheim initiated coverage with a Buy rating and a $60 price target.
March 19, 2024 | 11:13 am
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POSITIVE IMPACT
Endava's stock is experiencing a positive shift due to upgrades and favorable coverage from JP Morgan and Guggenheim, indicating a strong analyst confidence in the company's future performance.
The upgrades and positive coverage from reputable financial institutions like JP Morgan and Guggenheim significantly influence investor sentiment and stock prices. The raised price targets suggest a strong belief in Endava's growth potential, likely leading to increased investor interest and potentially higher stock prices in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100