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Endava Analyst Turns Bullish After Investor Lunch: ‘Stock Is Much More Attractive’

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Shares of Endava PLC (NYSE: DAVA) were climbing in early trading on Tuesday.

The pressure on the company’s share price following the recent guidance reduction appears overdone and has left the stock “much more attractive,” according to JPMorgan.

The Endava Analyst: Puneet Jain upgraded the rating for Endava from Neutral to Overweight, while keeping the price target unchanged at $49.

The Endava Thesis: While the company’s near-term guidance seems achievable, any signs of stability or sequential growth in its revenues “could trigger a relief rally,” Jain said …

Full story available on Benzinga.com

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