Endava (NYSE:DAVA) Shares Gap Up After Analyst Upgrade

Endava plc (NYSE:DAVA – Get Free Report)’s share price gapped up before the market opened on Friday after JPMorgan Chase & Co. raised their price target on the stock from $41.00 to $47.00. The stock had previously closed at $30.51, but opened at $31.40. JPMorgan Chase & Co. currently has an overweight rating on the [...]

featured-image

Endava plc ( NYSE:DAVA – Get Free Report )’s share price gapped up before the market opened on Friday after JPMorgan Chase & Co. raised their price target on the stock from $41.00 to $47.

00. The stock had previously closed at $30.51, but opened at $31.



40. JPMorgan Chase & Co. currently has an overweight rating on the stock.

Endava shares last traded at $31.36, with a volume of 15,575 shares trading hands. A number of other equities research analysts also recently issued reports on the company.

Redburn Atlantic assumed coverage on Endava in a research note on Friday, May 24th. They set a “neutral” rating and a $33.10 price target for the company.

Wedbush cut their price target on Endava from $65.00 to $50.00 and set an “outperform” rating for the company in a research note on Thursday, May 23rd.

Guggenheim lowered their price objective on Endava from $60.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, May 24th.

TD Cowen lowered their price objective on Endava from $46.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, May 24th.

Finally, Needham & Company LLC lowered their price objective on Endava from $50.00 to $42.00 and set a “buy” rating on the stock in a research report on Friday, May 24th.

Three investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, Endava presently has a consensus rating of “Moderate Buy” and an average target price of $47.01.

Get Our Latest Analysis on Endava Institutional Inflows and Outflows Endava Stock Performance The stock has a fifty day moving average of $30.41 and a 200 day moving average of $32.61.

The company has a market capitalization of $1.76 billion, a PE ratio of 33.81 and a beta of 1.

22. About Endava ( Get Free Report ) Endava plc provides technology services for clients in the consumer products, healthcare, mobility, and retail verticals in North America, Europe, the United Kingdom, and internationally. It offers ideation and production services in the payments and financial services, telecommunications, media, and technology verticals; and business analysis, data analytics, program management, digital product strategy, private equity value enhancement, IT strategy, architecture, extended reality, machine learning and artificial intelligence, product design, and user experience and visual design services.

Recommended Stories Receive News & Ratings for Endava Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Endava and related companies with MarketBeat.com's FREE daily email newsletter ..