Endava (DAVA) Gets a Buy Rating from Needham

Needham analyst Mayank Tandon reiterated a Buy rating on Endava (DAVAResearch Report) today and set a price target of $53.00. The company’s shares closed last Monday at $45.88, close to its 52-week high of $48.00.

According to TipRanks.com, Tandon is a 5-star analyst with an average return of 18.3% and a 65.9% success rate. Tandon covers the Technology sector, focusing on stocks such as SS&C Technologies Holdings, Bottomline Technologies, and Sapiens International.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Endava with a $47.33 average price target.

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Endava’s market cap is currently $765.9M and has a P/E ratio of 78.80. The company has a Price to Book ratio of 11.38.

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Endava Plc engages in the provision of technology services. It focuses on finance, insurance, telecommunications, media, and retail companies. The company was founded by John Edward Cotterell in 2000 and is headquartered in London, the United Kingdom.