 Endava PLC NYSE: DAVA is among the fastest-growing digital IT services stocks, with an impressive track record of generating 20-25 revenue growth and more than 25 earnings growth, according to Wedbush.The Endava Analyst Moshe Katri initiated coverage of Endava with an Outperform rating and 60 price target.The Endava Thesis International Data Corporation estimates the global market for digital transformation services at approximately 450 billion in 2019 and expects it to grow at a compound annual rate of 15.3 to reach 796 billion by 2023, Katri said in the Tuesday initiation note. See his track record here.The fintech space contributes around 50 of Endavas sales, and the company has differentiated talents and capabilities in this space, he said. Endava has not been impacted more severely than peers by COVID-19, as its structure does not require substantial travel, and the company has likely been working on business continuity plans to deliver projects from remote locations, Katri said. Endava has been consistently exceeding long-term targets since its initial public offer, the analyst said.The company has been improving utilization rates and this, combined with pricing power, has enabled it to expand margins, according to Wedbush.DAVA Price Action Shares of Endava were up 0.2 at 48.51 at the time of publication Wednesday. Related Links: 17 Technology Stocks Moving In Tuesdays Pre-Market SessionEarnings Scheduled For May 21, 2020Latest Ratings for DAVA DateFirmActionFromTo May 2020WedbushInitiates Coverage OnOutperform May 2020NeedhamMaintainsBuy Apr 2020CitigroupMaintainsNeutral View More Analyst Ratings for DAVA View the Latest Analyst Ratings See more from Benzinga Sale Of eBays Classifieds Segment Would Be A Financial Positive, Says BofA Aphria, Aurora Among Top Performers As Canadian Cannabis Sales Spike Aircraft Prices, E-Commerce Conditions Are Ripe For Amazon Air, Says Bullish BofAC 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. 