Needham Maintains Buy on Endava, Lowers Price Target to $33
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mayank Tandon maintains a Buy rating on Endava (NYSE:DAVA) but lowers the price target from $42 to $33.
September 20, 2024 | 9:33 am
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Needham analyst Mayank Tandon maintains a Buy rating on Endava but lowers the price target from $42 to $33, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Endava's prospects, but the lowered price target indicates a more cautious outlook, likely due to revised expectations or market conditions. This could lead to short-term downward pressure on the stock price.
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IMPORTANCE 80
RELEVANCE 100