Top Wall Street Forecasters Revamp Endava Expectations Ahead Of Q3 Earnings

Group 1 - Endava plc is set to release its third-quarter earnings results on May 14, with analysts expecting earnings of 31 cents per share, up from 22 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $197.84 million, an increase from $174.37 million a year earlier [1] - Endava reported better-than-expected second-quarter financial results on February 20 [1] Group 2 - Endava shares fell 0.4% to close at $21.41 on Tuesday [2] - Analysts have provided various ratings for Endava, with Needham maintaining a Buy rating but lowering the price target from $43 to $38 [7] - Morgan Stanley maintained an Equal-Weight rating and raised the price target from $33 to $35 [7] - B of A Securities initiated coverage with a Neutral rating and a price target of $29 [7] - TD Cowen maintained a Buy rating and raised the price target from $35 to $36 [7] - Citigroup maintained a Neutral rating and cut the price target from $30 to $27 [7]