Needham Maintains Buy Recommendation for Endava plc with 139.28% Upside Potential

Needham maintains a Buy recommendation for Endava plc - Depositary Receipt (NYSE:DAVA) with an analyst price forecast suggesting a 139.28% upside. The average one-year price target is $16.63/share, with projected annual revenue of 1,542MM and non-GAAP EPS of 4.40. The put/call ratio is 0.82, indicating a bullish outlook. Key shareholders include Kayne Anderson Rudnick Investment Management, PSGAX - Virtus KAR Small-Cap Growth Fund, and Invesco.