The Analyst Landscape: 11 Takes On Endava
Portfolio Pulse from Benzinga Insights
11 analysts have recently updated their ratings on Endava (NYSE:DAVA), showing a diverse range of opinions from bullish to bearish. The average 12-month price target for DAVA has been adjusted to $55.27, down 25.31% from the previous $74.00. Analyst actions include both upgrades and downgrades, with price targets ranging from $33.00 to $80.00. Endava's financial performance shows a decline in revenue growth by -10.57% and below-average profitability and efficiency metrics, indicating potential challenges ahead.
April 22, 2024 | 5:00 pm
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Endava's stock might experience volatility due to the mixed analyst ratings and the significant decrease in the average price target. The company's reported financial challenges, including a revenue decline and below-average profitability metrics, could further pressure the stock.
The diverse analyst ratings indicate uncertainty about Endava's future performance, which could lead to increased volatility in its stock price. The downward revision of the average price target by over 25% reflects a significant change in market expectations. Additionally, the reported financial challenges, such as a -10.57% decline in revenue growth and below-average profitability and efficiency metrics, suggest underlying issues that could negatively impact investor sentiment and the stock's short-term performance.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100