Endava price target raised to $70 from $63 at Citi

Citi raised the firm’s price target on Endava to $70 from $63 and keeps a Buy rating on the shares. The company reported a “beat-and-raise” quarter and while forward look was softer near-term, it was “robust” afterwards, the analyst tells investors in a research note. The firm says demand for Endavas services seems to be improving as larger opportunities enter and progress through the sales funnel and as recent work scales.