Morgan Stanley Lowers Endava (NYSE:DAVA) Price Target to $4.00

Endava (NYSE:DAVA) had its target price decreased by analysts at Morgan Stanley from $8.00 to $4.00 in a report issued on Friday,Benzinga reports. The brokerage presently has an “equal weight” rating on the stock. Morgan Stanley’s price target suggests a potential upside of 16.96% from the stock’s current price.

DAVA has been the topic of several other research reports. Needham & Company LLC lowered their price objective on Endava from $7.00 to $5.00 and set a “buy” rating on the stock in a research report on Thursday. Weiss Ratings reiterated a “sell (d)” rating on shares of Endava in a research note on Tuesday, April 7th. TD Cowen lowered their price objective on shares of Endava from $6.50 to $6.00 and set a “buy” rating for the company in a research report on Monday, April 6th. JPMorgan Chase & Co. lowered Endava from a “neutral” rating to an “underweight” rating and cut their price target for the company from $9.00 to $5.00 in a research note on Friday. Finally, Wall Street Zen upgraded Endava from a “sell” rating to a “hold” rating in a research report on Sunday, February 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and two have assigned a Sell rating to the company’s stock. According to MarketBeat, Endava currently has an average rating of “Hold” and an average target price of $7.43.

Endava Stock Performance

Shares of NYSE DAVA opened at $3.42 on Friday. The company has a current ratio of 2.39, a quick ratio of 2.39 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $4.37 and a 200-day moving average of $5.64. Endava has a 12 month low of $3.20 and a 12 month high of $17.36. The company has a market capitalization of $192.24 million, a P/E ratio of -30.22 and a beta of 1.11.

Institutional Trading of Endava

A number of hedge funds and other institutional investors have recently bought and sold shares of DAVA. T. Rowe Price Investment Management Inc. bought a new position in shares of Endava in the fourth quarter valued at $24,563,000. Invesco Ltd. increased its position in shares of Endava by 6.4% during the second quarter. Invesco Ltd. now owns 3,661,123 shares of the company’s stock worth $56,088,000 after acquiring an additional 220,465 shares in the last quarter. Paradice Investment Management LLC raised its holdings in shares of Endava by 61.9% in the 4th quarter. Paradice Investment Management LLC now owns 3,029,847 shares of the company’s stock worth $19,149,000 after acquiring an additional 1,157,921 shares during the last quarter. CDAM UK Ltd raised its holdings in shares of Endava by 28.2% in the 4th quarter. CDAM UK Ltd now owns 2,979,658 shares of the company’s stock worth $18,831,000 after acquiring an additional 655,078 shares during the last quarter. Finally, Prescott Group Capital Management L.L.C. lifted its position in Endava by 32.1% in the 4th quarter. Prescott Group Capital Management L.L.C. now owns 1,606,324 shares of the company’s stock valued at $10,152,000 after acquiring an additional 389,970 shares in the last quarter. Institutional investors own 62.23% of the company’s stock.

Key Stories Impacting Endava

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

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.