Endava: A Sharply Discounted IT Shop Set For Accelerating Growth
Source: SeekingAlpha
2025-01-09 09:32:04 ET
Summary
- I am bullish on all three of the U.S.-listed digital transformation companies, with a particular preference for Endava plc.
- I believe there will be a greater focus on IT cost control going forward, which highlights Endava's strong value proposition to clients.
- Analysts worry about DAVA's lower employee utilization rate along with its heightened exposure to Europe. Both fears are overblown.
- The company's most recent quarter showed a return to growth.
- I believe forward estimates are too low, and that initiatives such as AI offer additional upside from here.
Endava plc (NYSE: DAVA ) is one of the world's three largest digital-transformation focused information technology (“IT”) outsourcing companies.
I purchased shares of all three of the leaders in the digital transformation space in 2023 as a basket trade....
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Endava: A Sharply Discounted IT Shop Set For Accelerating Growth
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