Endava price target raised to $90 from $70 at Citi

Citi analyst Ashwin Shirvaikar raised the firm’s price target on Endava to $90 from $70 and keeps a Buy rating on the shares. The analyst remains cautious about enterprise IT spending for early 2024 but believes a modest spending recovery is likely as the year progresses. The target change is part of the firm’s IT services 2024 preview.