Endava: Strong Buy Following Ridiculous Earnings Sell-Off
Panic selling and M&A confusion have caused DAVA stock to hit fire sale territory.
Summary
Shares of Endava collapsed on weaker than expected earnings.
This is a gross overreaction and appears to be fueled, in part, by a misunderstanding of the firm's recently announced acquisition.
I believe shares have multi-bagger upside from here once the company returns to organic growth in FY' 25.
Shares of British IT outsourcing firm Endava (NYSE:D…
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