Deutsche Bank maintained a Hold rating and $53 price target on Endava following the company’s Q4 earnings results. While the results were above expectations, the firm noted that Endava’s guidance forecast a 1%-2% constant currency revenue decline. Based on the company’s revised outlook and the firm’s expectations regarding demand over the coming years, Deutsche Bank lowered its FY24E and FY25E EPS estimates.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See the top stocks recommended by analysts >>
Read More on DAVA:
- Endava rises 8.0%
- Options Volatility and Implied Earnings Moves Today, September 19, 2023
- Options Volatility and Implied Earnings Moves This Week, September 18 – September 21, 2023
- DAVA Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Endava price target raised to $72 from $70 at Morgan Stanley