Deutsche Bank Resumed a Hold Rating on Endava plc (DAVA)

Endava plc (NYSE:DAVA) is one of the 11 Best All-Time Low Stocks to Buy According to AnalystsOn July 16, Deutsche Bank resumed coverage on Endava plc (NYSE:DAVA) with a Hold rating and a $14 price target.

The firm noted in a research report that the cautious rating reflects broader industry challenges, highlighting that the payments, processors, and IT services sectors have underperformed against the S&P 500 this year. This underperformance was driven by overly optimistic investor expectations around the November election that did not materialize.

Deutsche Bank Resumed a Hold Rating on Endava plc (DAVA)

The analyst highlighted that trade uncertainties and concerns about consumer spending have made the outlook for the group very uncertain, which is the most uncertain in the last five years. Under the current market scenario, Deutsche Bank favors companies with consistent sales growth, margin expansion, and strong free cash flow generation.

Endava plc (NYSE:DAVA) is a technology service provider specializing in digital transformation and engineering services. It helps clients design, develop, and deploy software products and platforms using agile and AI-driven approaches.

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Disclosure: None. This article is originally published at Insider Monkey.