Morgan Stanley Maintains Equal-Weight on Endava, Maintains $40 Price Target
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst James Faucette has maintained an Equal-Weight rating on Endava (NYSE:DAVA) and has also maintained a price target of $40.
April 22, 2024 | 5:20 pm
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NEUTRAL IMPACT
Morgan Stanley maintains an Equal-Weight rating on Endava with a $40 price target.
The maintenance of an Equal-Weight rating and a steady price target by a major analyst like Morgan Stanley suggests a neutral outlook on Endava's stock in the short term. This indicates that the analyst sees the company's current valuation as fair and does not anticipate significant price movement in either direction based on current information.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 90