TD Cowen Has Lowered Expectations for Endava (NYSE:DAVA) Stock Price

Endava (NYSE:DAVA) had its target price decreased by stock analysts at TD Cowen from $6.00 to $4.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “hold” rating on the stock. TD Cowen’s price target would indicate a potential upside of 19.23% from the company’s previous close.

A number of other brokerages have also weighed in on DAVA. Morgan Stanley cut their target price on shares of Endava from $8.00 to $4.00 and set an “equal weight” rating on the stock in a research note on Friday. Wall Street Zen raised shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Weiss Ratings reissued a “sell (d)” rating on shares of Endava in a research note on Tuesday, April 7th. Needham & Company LLC dropped their price objective on shares of Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a research note on Thursday. Finally, JPMorgan Chase & Co. reissued an “underweight” rating and set a $5.00 price objective (down from $9.00) on shares of Endava in a research note on Friday. Two research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $7.14.

Endava Trading Up 0.4%

Shares of DAVA traded up $0.02 during trading hours on Friday, reaching $3.36. 228,416 shares of the company traded hands, compared to its average volume of 406,285. The company’s fifty day moving average price is $4.37 and its two-hundred day moving average price is $5.64. The company has a market capitalization of $188.58 million, a price-to-earnings ratio of -30.50 and a beta of 1.11. The company has a quick ratio of 2.39, a current ratio of 2.39 and a debt-to-equity ratio of 0.36. Endava has a 12 month low of $3.20 and a 12 month high of $17.36.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of DAVA. Jane Street Group LLC raised its holdings in Endava by 16.1% in the first quarter. Jane Street Group LLC now owns 10,682 shares of the company’s stock worth $208,000 after buying an additional 1,482 shares during the last quarter. Geode Capital Management LLC purchased a new position in Endava in the second quarter worth about $205,000. Invesco Ltd. raised its holdings in Endava by 6.4% in the second quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock worth $56,088,000 after buying an additional 220,465 shares during the last quarter. EverSource Wealth Advisors LLC raised its holdings in Endava by 733.6% in the second quarter. EverSource Wealth Advisors LLC now owns 1,909 shares of the company’s stock worth $29,000 after buying an additional 1,680 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its holdings in Endava by 14.7% in the second quarter. Daiwa Securities Group Inc. now owns 105,048 shares of the company’s stock worth $1,609,000 after buying an additional 13,490 shares during the last quarter. 62.23% of the stock is owned by hedge funds and other institutional investors.

Key Endava News

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham kept a buy rating on Endava but cut its price target to $5.00 from $7.00, implying some analysts still see recovery potential despite the weak results.
• Neutral Sentiment: JPMorgan downgraded Endava from neutral to underweight and set a $5.00 target, reflecting a more cautious stance but still above the recent trading level.
• Negative Sentiment: Endava reported Q3 FY2026 EPS of $0.07, well below the $0.27 consensus estimate, and revenue of $236.4 million versus expectations of $242.8 million, signaling weaker-than-expected operating performance. Article Title
• Negative Sentiment: The company also issued Q4 FY2026 and full-year FY2026 guidance below Wall Street estimates, reinforcing concerns that demand remains uneven and deal cycles are taking longer. Article Title
• Negative Sentiment: Management said this has been one of Endava’s most challenging periods in recent years, citing extended sales cycles and clients scrutinizing technology spend, which suggests near-term revenue growth may stay pressured. Article Title

About Endava

Endava PLC is a publicly traded technology services company specializing in digital transformation and agile software development. The firm helps enterprise clients design, build and manage custom software solutions across industries such as financial services, payments, retail, telecommunications and media. Its service offerings span end-to-end product design, customer experience, application development, quality engineering, DevOps, automation and artificial intelligence, all delivered through agile methodologies.

Founded in 2000, Endava has grown from a small software provider into a global IT partner.