Analyst Expectations For Endava's Future
Portfolio Pulse from Benzinga Insights
Analyst ratings for Endava (NYSE:DAVA) show a mix of bullish to bearish sentiments, with recent actions including ratings adjustments and changes in price targets. The average 12-month price target is now $62.08, down 19.03% from the previous $76.67. Endava faces challenges in revenue growth, net margin, ROE, and ROA, indicating potential difficulties in maintaining profitability and operational efficiency.
March 19, 2024 | 2:00 pm
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Endava's stock may face short-term pressure due to mixed analyst ratings, a downward revision in price targets, and reported challenges in revenue growth and profitability metrics.
The mixed analyst ratings, with some analysts lowering their price targets and others maintaining or raising them, reflect uncertainty about Endava's future performance. The reported revenue decline and below-average profitability metrics further contribute to potential short-term negative sentiment among investors, likely impacting the stock price negatively.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100