8 High Growth UK Stocks to Invest In

5. Endava (NYSE:DAVA)  

5-Year Revenue CAGR: 20.80%  

No of Hedge Funds: 16

Endava (NYSE:DAVA) is a technology services firm that specializes in IT services, including custom application development. The company also offers IT consulting, software development, and automation services to clients in finance, healthcare, and telecommunications.

In June, Endava (NYSE:DAVA) announced an expansion of its partnership with Google Cloud in the Asia Pacific (APAC) region. This collaboration aims to deliver and implement Google Cloud’s services, such as Generative AI, Cloud Migration, and Application Modernisation. By offering customers access to highly skilled software and data engineers, along with top-notch customer service, the partnership will provide tailored products and services across Google Cloud’s product suite. This expansion marks a significant step in Endava’s continued growth in Australia, New Zealand, and Southeast Asia, reinforcing its commitment to technical excellence in the region.

Endava (NYSE:DAVA) has a strong emphasis on custom application development, a high-growth sector in the IT services industry. With a consensus Buy rating from industry analysts, the stock has a target price of $37.30, which represents a 38.87% upside potential from its current level.