Endava Likely To Lower Q4 Earnings; Here's A Look At Recent Price Target Changes By The Most Accurate Analysts

Endava plc DAVA is expected to report its financial results for the fourth quarter ended June 30, 2023, before the opening bell on Sept. 19, 2023.

Analysts expect the company to post quarterly earnings at 56 cents per share, down from year-ago earnings of 61 cents per share. The company’s revenue might come in at $233.43 million, compared to $217.44 million in the year-ago period.

Endava shares fell 2.3% to close at $51.00 on Monday.

Benzinga readers can access the latest analyst ratings on the Analyst Stock Ratings page. Readers can sort by stock ticker, company name, analyst firm, rating change or other variables.

Let’s have a look at how Benzinga’s most-accurate analysts have rated the company in the recent period.

• Morgan Stanley analyst James Faucette maintained Endava with an Overweight and raised the price target from $70 to $72 on Sept. 14, 2023. This analyst has an accuracy rate of 57%.
• Deutsche Bank analyst Bryan Keane maintained the stock with a Hold and lowered the price target from $78 to $53 on May 24, 2023. This analyst has an accuracy rate of 66%.
• Citigroup analyst Ashwin Shirvaikar maintained the stock with a Buy and slashed the price target from $95 to $85 on May 1, 2023. This analyst has an accuracy rate of 64%.
• Wedbush analyst Moshe Katri maintained the stock with an Outperform and cut the price target from $120 to $90 on Sept. 28, 2022. This analyst has an accuracy rate of 57%.

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