Citigroup Cuts Endava (DAVA) Price Target to $27.00

Endava (NYSE:DAVA) had its target price cut by investment analysts at Citigroup from $30.00 to $27.00 in a research note issued on Friday, Stock Target Advisor reports. The firm presently has a “neutral” rating on the stock. Citigroup’s target price suggests a potential upside of 13.07% from the stock’s current price.

A number of other equities research analysts have also recently issued reports on DAVA. William Blair assumed coverage on shares of Endava in a research report on Tuesday, August 21st. They issued an “outperform” rating for the company. Cowen assumed coverage on shares of Endava in a research report on Tuesday, August 21st. They issued an “outperform” rating and a $27.00 target price for the company. Deutsche Bank assumed coverage on shares of Endava in a research report on Wednesday, August 22nd. They issued a “hold” rating and a $29.00 target price for the company. Credit Suisse Group started coverage on shares of Endava in a research report on Tuesday, August 21st. They issued a “neutral” rating and a $27.00 target price for the company. Finally, Morgan Stanley started coverage on shares of Endava in a research report on Tuesday, August 21st. They set a “weight” rating and a $29.00 price objective for the company. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Endava has a consensus rating of “Hold” and a consensus price target of $27.80.

Shares of Endava stock opened at $23.88 on Friday. Endava has a 52-week low of $21.13 and a 52-week high of $31.50.

About Endava

Endava plc provides IT service to finance, insurance and healthcare, retail and consumer goods, telecommunications, media, and technology industries in the United Kingdom. It offers architecture solutions; AI and Intelligent Automation, bots and natural language interfaces, and Robotic Process Automation; software engineering; testing solutions; cloud services; and application management services.

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