Needham analyst Mayank Tandon maintains $Endava (DAVA.US)$ with a buy rating, and adjusts the target price from $42 to $36.
According to TipRanks data, the analyst has a success rate of 47.1% and a total average return of 3.4% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Endava (DAVA.US)$'s main analysts recently are as follows:
After attending Endava's investor day event, an analyst highlighted the company's discussion on its business development over recent years and its strategy for sustained growth. The firm conveyed that despite the overall uneven demand, Endava's management is fortifying the company by diversifying its revenue sources and delivery capabilities, a process hastened by recent mergers and acquisitions. Additionally, the company is channeling investments into cutting-edge solutions, which are anticipated to propel growth when market demand stabilizes.
Endava's progress was clearly observed during the first quarter and the affirmation of the 2025 guidance was a crucial point. Improvement was noted among top clients, and despite some remaining choppiness, there is a formation of stability that is vital for a sustained recovery. The expectation of revenue acceleration in the second half of the year is likely to be a primary topic of discussion, although it's wise to assume that the demand backdrop will remain stable.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
Needham分析師Mayank Tandon維持$Endava (DAVA.US)$買入評級，並將目標價從42美元下調至36美元。
根據TipRanks數據顯示，該分析師近一年總勝率為47.1%，總平均回報率為3.4%。
此外，綜合報道，$Endava (DAVA.US)$近期主要分析師觀點如下：
在參加endava的投資者日活動後，一位分析師強調了公司近年來在業務發展和持續增長策略方面的討論。該公司表示，儘管整體需求不均，但endava的管理層通過多樣化營業收入來源和交付能力來增強公司，這一過程因近期的併購而加快。此外，公司正將投資用於前沿解決方案，預計在市場需求穩定時將推動增長。
在第一季度中，明顯觀察到endava的進展，並且對2025年指導方針的確認是一個關鍵點。頂級客戶的改善情況得到了確認，儘管仍有一些波動，但穩定性的形成對持續復甦至關重要。預計下半年營業收入加速將成爲討論的主要話題，儘管明智的做法是認爲需求背景將保持穩定。
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分析師總勝率為近一年分析師的評級成功次數占總評級次數的比率。評级的成功與否，取決於TipRanks的虚擬投資組合是否從該股票中產生正回報。
總平均回報率為基於分析師的初始評級創建虚擬投資組合，並根據評級變化對組合進行調整，在近一年中該投資組合所獲得的回報率。
