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Analysts Offer Insights on Technology Companies: Facebook (FB) and Endava Ltd (DAVA)


Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Facebook (NASDAQ:FB) and Endava Ltd (NYSE:DAVA).

Facebook (FB)

In a report released today, Brian Nowak from Morgan Stanley maintained a Buy rating on Facebook, with a price target of $175. The company’s shares closed yesterday at $153.35, close to its 52-week low of $149.02.

According to TipRanks.com, Nowak is a 5-star analyst with an average return of 11.6% and a 66.0% success rate. Nowak covers the Technology sector, focusing on stocks such as Activision Blizzard, Alphabet Inc, and Snap Inc.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Facebook with a $205.48 average price target, a 34.0% upside from current levels. In a report issued on October 1, Wells Fargo also maintained a Buy rating on the stock with a $220 price target.

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Endava Ltd (DAVA)

In a report released today, Ashwin Shirvaikar from Citigroup maintained a Hold rating on Endava Ltd, with a price target of $27. The company’s shares closed yesterday at $21.20, close to its 52-week low of $21.13.

According to TipRanks.com, Shirvaikar is a 5-star analyst with an average return of 14.2% and a 68.1% success rate. Shirvaikar covers the Technology sector, focusing on stocks such as Total System Services, Global Payments Inc, and Epam Systems Inc.

Endava Ltd has an analyst consensus of Moderate Buy, with a price target consensus of $30.75.

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