Guggenheim Maintains Buy on Endava, Lowers Price Target to $55
Portfolio Pulse from Benzinga Newsdesk
Guggenheim analyst Jonathan Lee maintains a Buy rating on Endava (NYSE:DAVA) but lowers the price target from $60 to $55.
May 24, 2024 | 4:34 pm
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NEUTRAL IMPACT
Guggenheim analyst Jonathan Lee maintains a Buy rating on Endava but lowers the price target from $60 to $55. This suggests confidence in the company's long-term prospects despite a slight reduction in expected valuation.
The maintained Buy rating indicates continued confidence in Endava's long-term performance. However, the lowered price target reflects a more cautious short-term outlook, likely due to market conditions or company-specific factors.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100