Endava price target lowered to $27 from $30 at Citi
The Fly

Endava price target lowered to $27 from $30 at Citi

Citi lowered the firm’s price target on Endava (DAVA) to $27 from $30 and keeps a Neutral rating on the shares. The firm is expecting a “relatively steady quarter” from the digital services pure-plays with “de-risked outlooks” combined with a relatively unchanged demand environment. Citi’s preference is toward those that are set up for double-digit organic growth exit rates for 2024 and accelerated growth potential in 2025. Globant (GLOB) and Grid Dynamics (GDYN) remain among its top overall IT services ideas into the Q3 prints.

Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App