Endava

DAVA · NYSE

$2.19+$0.14 (+6.83%)TodayMarket closed · Oct 20, 7:30 PM ET

Prev close $2.05

DAVA analyst rating

HoldConsensus of 8 analysts over the last 12 months. 25% rate it a buy.

Strong buy0
Buy2
Hold4
Underperform2
Sell0

12-month price target · 8 analysts

Average $5.00 (+128.2% upside)

Low: $2.02
Now: $2.19
High: $10.50

Upgrades and downgrades

The latest rating actions, newest first

DAVA analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
TD Cowen	Sep 22, 2026	Maintains	Hold	$3.50	52%
Deutsche Bank	Sep 22, 2026	Maintains	Hold	$3.00 → $2.00	31%
William Blair	Sep 22, 2026	Downgrade	Market Perform → Underperform	—	43%
TD Cowen	Jul 9, 2026	Maintains	Hold	$4.00 → $3.50	52%
Guggenheim	May 27, 2026	Downgrade	Buy → Neutral	—	26%
TD Cowen	May 22, 2026	Maintains	Hold	$6.00 → $4.00	52%
Morgan Stanley	May 22, 2026	Maintains	Equal-Weight	$8.00 → $4.00	57%
JP Morgan	May 22, 2026	Downgrade	Neutral → Underweight	$9.00 → $5.00	43%
Needham	May 21, 2026	Maintains	Buy	$7.00 → $5.00	45%
TD Cowen	Apr 6, 2026	Maintains	Buy	$6.50 → $6.00	52%

The case for and against

Updated Oct 16, 2026

Bull case

Endava is positioned for upside if growth recovers faster than expected, allowing performance to run ahead of outlook and consensus estimates. Its digitally focused, customized software model should benefit as large deal conversion accelerates during the transition in its service offering, supporting stronger revenue visibility and deeper client relationships. With a core presence in the UK and Europe and concentrated exposure to resilient payments, financial services, technology, media, and telecom customers, the company has multiple avenues for renewed operating momentum.

Bear case

Endava is facing a weakening fundamental profile driven by concentrated exposure to Payments and Financial Services, with Worldpay as its largest client and broad revenue dependence on the UK and Europe. F3Q26 highlighted the strain, as revenue fell 6.4% year over year to £178.5mm, adjusted PBT margin compressed to 1.8%, and only Payments grew while every other vertical declined. Added pressure comes from Brexit-related disruption, foreign exchange volatility, wage inflation, talent competition, and the interim CFO appointment tied to an accounting investigation that delays 4QFY26 results and raises governance concerns.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.