Endava Plc(NYSE:DAVA) is gaining momentum in the IT services sector, with JPMorgan analyst Tien-tsin Huang highlighting it as a "top pick" with "highest upside in digital IT" for the second half of 2024.

Endava, founded in 2006 in the U.K., is an IT services company specializing in digital transformation through custom software development. It primarily serves clients in payments, financial services, technology, media and telecom, with most of its revenue coming from the U.K. and Europe.

Endava stock commands a market capitalization of $1.76 billion on the U.S. stock market, making it a small-cap stock positioned...