Endava price target raised to $70 from $65 at Needham

Needham raised the firm’s price target on Endava to $70 from $65 and keeps a Buy rating on the shares. The company’s Q1 results beat expectations on the top and bottom line, and while demand remains soft as Global 2000 customers continue to delay discretionary IT projects, it is starting to show signs of stabilization, the analyst tells investors in a research note.