JPMorgan Chase & Co. Lowers Endava (NYSE:DAVA) Price Target to $9.00

Endava (NYSE:DAVA) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $10.00 to $9.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “neutral” rating on the stock. JPMorgan Chase & Co.‘s price target indicates a potential upside of 82.00% from the stock’s previous close.

Several other research firms have also recently issued reports on DAVA. Zacks Research upgraded Endava from a “strong sell” rating to a “hold” rating in a research report on Friday, November 7th. Needham & Company LLC cut their price target on shares of Endava from $9.00 to $7.00 and set a “buy” rating for the company in a report on Thursday. Morgan Stanley reduced their price objective on shares of Endava from $11.00 to $8.00 and set an “equal weight” rating for the company in a research note on Thursday, November 13th. Guggenheim lowered their target price on shares of Endava from $15.00 to $13.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, William Blair cut shares of Endava from an “outperform” rating to a “market perform” rating in a report on Tuesday, November 11th. Three research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, Endava presently has an average rating of “Hold” and an average target price of $15.71.

Endava Stock Performance

Shares of DAVA stock opened at $4.95 on Friday. 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 stock has a 50 day simple moving average of $6.26 and a 200-day simple moving average of $8.32. The company has a market cap of $277.96 million, a price-to-earnings ratio of -44.95 and a beta of 1.26. Endava has a 12-month low of $4.84 and a 12-month high of $29.03.

Institutional Trading of Endava

Several large investors have recently modified their holdings of the business. Alberta Investment Management Corp raised its position in shares of Endava by 35.6% during the 2nd quarter. Alberta Investment Management Corp now owns 1,288,334 shares of the company’s stock worth $19,737,000 after purchasing an additional 338,334 shares during the last quarter. Prescott Group Capital Management L.L.C. increased its position in Endava by 107.8% during the second quarter. Prescott Group Capital Management L.L.C. now owns 607,139 shares of the company’s stock worth $9,301,000 after buying an additional 315,000 shares in the last quarter. Paradice Investment Management LLC raised its holdings in shares of Endava by 19.5% in the third quarter. Paradice Investment Management LLC now owns 1,871,926 shares of the company’s stock worth $17,035,000 after acquiring an additional 306,066 shares during the last quarter. Ensign Peak Advisors Inc lifted its position in shares of Endava by 16.0% in the second quarter. Ensign Peak Advisors Inc now owns 1,271,881 shares of the company’s stock valued at $19,485,000 after acquiring an additional 175,868 shares in the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp lifted its position in shares of Endava by 17.3% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 454,536 shares of the company’s stock valued at $6,963,000 after acquiring an additional 66,979 shares in the last quarter. 62.23% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting Endava

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Q2 results showed upside: Endava reported EPS of $0.22 (beat consensus) and revenue of $247.6M, with press commentary highlighting the company’s AI pivot as a growth driver. This delivered an upbeat market reaction after the print. Endava shares surge as Q2 earnings beat amid AI pivot
• Positive Sentiment: Management issued materially stronger guidance: Q3 EPS and FY2026 EPS and revenue ranges were revised well above Street estimates, signaling accelerating revenue and a clear push into AI-related services — a catalyst for longer‑term re-rating if execution continues. Press release: Q2 FY2026 results
• Neutral Sentiment: Analyst update from Needham: Needham trimmed its price target from $9 to $7 but kept a Buy rating — a mixed signal (lower target but continued conviction). This tempers enthusiasm but preserves upside in some broker models. Benzinga
• Negative Sentiment: JPMorgan cut its price target (from $10 to $9) and set a Neutral rating, which reduces near‑term institutional enthusiasm and likely contributed to downward pressure on the stock. Tickerreport
• Negative Sentiment: Profitability and technicals remain concerns: Endava’s net margin (≈1.34%) and ROE are modest, and the shares are near their 1‑year low with the 50‑ and 200‑day moving averages well above the current price — factors that can limit multiple expansion despite revenue/guidance beats. MarketBeat DAVA profile

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.