Endava downgraded on weak demand and risks

JP Morgan downgrades Endava to Underweight due to weak demand and execution risks, slashing price target and earnings estimates.

Today / 15:32|Last updated: Today / 15:33

Endava downgraded on weak demand and risks — Photo: Prepared by Bond.az

Bond.az reports that JP Morgan downgraded Endava to Underweight from Neutral, citing persistent execution issues and weak client demand.

The brokerage cut its price target to $5 from $9. Endava missed Q3 revenue estimates and lowered its full-year outlook.

AI-related revenue accounted for 15% of sales, but large AI deals are taking longer to close, limiting near-term upside.

More News

SpaceX Staged Share Sale Plan Tied to Performance

Today / 16:00

612

SpaceX Staged Share Sale Plan Tied to Performance

SpaceX introduces a performance-based staged share unlock plan, departing from the standard 180-day IPO lockup. Elon Musk agrees to a 366-day selling restriction.

STOCK MARKETS →

Trump says more late night hosts to leave after Colbert exit

Today / 15:52

599

Trump says more late night hosts to leave after Colbert exit

Trump praises Colbert's exit, predicts more late-night hosts will leave. News about FCC and media regulation.

STOCK MARKETS →

Today / 15:31

384

Why Is Navitas Stock Surging Today?

Navitas Semiconductor stock surges 17% on investor conference news, strong Q1 results, and AI data-center momentum. NVTS at 52-week high.

STOCK MARKETS →

Today / 15:23

364

Dual-Class Shares: From Meta to SpaceX

Dual-class share structures like SpaceX's give founders control. Learn pros and cons, impact on stock performance, and which companies use them.

STOCK MARKETS →

Today / 15:22

565

Why is Figma stock rallying today?

Figma stock rallies 4.2% on strong Q1 earnings, AI agent launch, and raised guidance. Revenue up 46% Y/Y.

STOCK MARKETS →

Morocco stocks higher - All Shares up 0.35%

Today / 15:20

904

Morocco stocks higher - All Shares up 0.35%

Morocco stocks closed higher with the Moroccan All Shares up 0.35%. Banking, Beverage and Transport sectors lead. Market details and commodity prices included.

STOCK MARKETS →

ARK Venture Invests in Hark Labs Series A

Today / 15:11

309

ARK Venture Invests in Hark Labs Series A

ARK Venture Fund invests in Hark Labs Series A at $6B valuation. The round raised over $700 million with participation from NVIDIA and others.

STOCK MARKETS →

Today / 14:52

940

Why is Alcoa stock surging today?

Alcoa stock jumped 6.3% after UBS upgrade. Find out why analysts are bullish on the aluminum giant.

STOCK MARKETS →

Today / 14:51

372

Why is Merck stock surging today?

Merck stock surges 4.7% on positive lung cancer trial results, strong Q1 earnings, and EMA recommendation for Keytruda combination in bladder cancer.

STOCK MARKETS →

Qualcomm, Dell Among Market Movers Friday

Today / 14:44

901

Qualcomm, Dell Among Market Movers Friday

Qualcomm and Dell rally, Futu Holdings falls on Friday. Top market cap stock movers from mega to small caps. Real-time news on Bond.az.

STOCK MARKETS →

UK government bond yields set for biggest weekly drop since 2023

Today / 14:42

638

UK government bond yields set for biggest weekly drop since 2023

UK government bond yields are on track for the largest weekly decline since 2023, driven by weak economic data and easing political concerns.

STOCK MARKETS →

Why is Estee Lauder stock surging today?

Today / 14:41

457

Why is Estee Lauder stock surging today?

Estee Lauder stock surges 10.4% after terminating merger talks with Puig. Analysts welcome the decision as shares rally on relieved investors.

STOCK MARKETS →

...