Endava (NYSE:DAVA) Price Target Cut to $9.00 by Analysts at JPMorgan Chase & Co.

Endava (NYSE:DAVA) had its target price lowered by equities researchers at JPMorgan Chase & Co. from $10.00 to $9.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price objective would indicate a potential upside of 80.90% from the company’s previous close.

Other analysts have also recently issued research reports about the stock. William Blair cut shares of Endava from an “outperform” rating to a “market perform” rating in a research note on Tuesday, November 11th. Wall Street Zen upgraded shares of Endava from a “sell” rating to a “hold” rating in a research note on Sunday, February 8th. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a report on Friday, November 7th. Guggenheim cut their price objective on Endava from $15.00 to $13.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Needham & Company LLC decreased their target price on Endava from $9.00 to $7.00 and set a “buy” rating on the stock in a report on Thursday. Three investment analysts have rated the stock with a Buy rating, six have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $15.71.

Endava Stock Down 1.1%

Shares of NYSE:DAVA traded down $0.06 during trading on Friday, hitting $4.98. 444,827 shares of the company were exchanged, compared to its average volume of 497,145. Endava has a fifty-two week low of $4.84 and a fifty-two week high of $29.03. The stock has a market cap of $279.64 million, a price-to-earnings ratio of 24.88 and a beta of 1.26. The company has a current ratio of 2.18, a quick ratio of 2.18 and a debt-to-equity ratio of 0.34. The firm has a fifty day moving average price of $6.30 and a two-hundred day moving average price of $8.40.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the business. T. Rowe Price Investment Management Inc. bought a new stake in shares of Endava in the fourth quarter valued at approximately $24,563,000. Vident Advisory LLC bought a new stake in shares of Endava during the 4th quarter valued at $68,000. State of Tennessee Department of Treasury grew its holdings in shares of Endava by 102.5% during the 4th quarter. State of Tennessee Department of Treasury now owns 73,091 shares of the company’s stock worth $462,000 after purchasing an additional 36,992 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Endava by 56.6% in the fourth quarter. Quadrature Capital Ltd now owns 87,177 shares of the company’s stock worth $551,000 after purchasing an additional 31,491 shares during the period. Finally, Millennium Management LLC raised its stake in Endava by 4.8% in the fourth quarter. Millennium Management LLC now owns 95,634 shares of the company’s stock valued at $604,000 after purchasing an additional 4,342 shares in the last quarter. Institutional investors and hedge funds own 62.23% of the company’s stock.

Key Stories Impacting Endava

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Management issued much stronger-than-expected forward guidance for Q3 and FY2026 (Q3 EPS 0.25–0.29 vs. consensus ~0.12; FY EPS 1.10–1.18 vs. consensus ~0.40 and FY revenue guidance around $1.0B vs. consensus ~968M), which markets interpret as a clear signal of accelerating revenue and margin improvement. Endava Announces Second Quarter Fiscal Year 2026 Results
• Positive Sentiment: Q2 results showed a strong top-line beat (revenue ~$247.6M vs. the ~$179.9M consensus cited by some services) and an EPS outcome at-or-slightly-above consensus, supporting the upbeat guidance and fueling the intraday rally. The company emphasized continued investment in its AI capabilities as drivers of near-term growth. Endava shares surge as Q2 earnings beat amid AI pivot
• Neutral Sentiment: Coverage of the quarter shows mixed headline reads on EPS (some outlets report a small beat $0.22 vs $0.21; others report in-line $0.21), which introduces ambiguity around earnings quality despite the clear revenue strength. Investors should review the earnings deck and call transcript for margin and backlog detail. View Press Release / Slide Deck Earnings Call Transcript
• Negative Sentiment: Needham & Company lowered its price target from $9.00 to $7.00 (but kept a “buy” rating), which reduces near-term analyst upside and could cap gains until valuation sentiment improves. Analyst Price Target Cut

Endava Company Profile

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.