Endava (NYSE:DAVA) Stock Rating Reaffirmed as “Buy” by Needham & Company LLC

Endava (NYSE:DAVA)‘s stock had its “buy” rating reissued by equities researchers at Needham & Company LLC in a report released on Monday, Benzinga reports. They currently have a $5.00 price objective on the stock. Needham & Company LLC’s target price points to a potential upside of 149.38% from the stock’s current price.

A number of other brokerages have also issued reports on DAVA. Zacks Research upgraded shares of Endava from a “strong sell” rating to a “hold” rating in a report on Monday, July 20th. Weiss Ratings reissued a “sell (e+)” rating on shares of Endava in a report on Tuesday, September 8th. TD Cowen reissued a “hold” rating and set a $3.50 target price on shares of Endava in a report on Tuesday, September 22nd. William Blair cut shares of Endava from a “market perform” rating to an “underperform” rating in a research report on Tuesday, September 22nd. Finally, Deutsche Bank Aktiengesellschaft dropped their price target on shares of Endava from $3.00 to $2.00 and set a “hold” rating for the company in a research note on Tuesday, September 22nd. One research analyst has rated the stock with a Buy rating, five have given a Hold rating and three have given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Reduce” and an average price target of $5.36.

Endava Stock Performance

NYSE:DAVA opened at $2.00 on Monday. The stock has a market cap of $112.70 million, a P/E ratio of 6.76 and a beta of 1.14. The company has a current ratio of 2.07, a quick ratio of 2.07 and a debt-to-equity ratio of 1.13. The stock’s 50-day moving average is $2.67 and its 200-day moving average is $3.20. Endava has a 1-year low of $1.60 and a 1-year high of $9.88.

Institutional Investors Weigh In On Endava

A number of institutional investors have recently made changes to their positions in DAVA. Alpine Global Management LLC acquired a new position in shares of Endava in the fourth quarter worth approximately $87,000. SmartHarvest Portfolios LLC bought a new stake in Endava in the first quarter valued at approximately $84,000. Finally, Barometer Capital Management Inc. boosted its holdings in Endava by 32.5% in the first quarter. Barometer Capital Management Inc. now owns 106,300 shares of the company’s stock valued at $470,000 after acquiring an additional 26,080 shares during the last quarter. Institutional investors own 62.23% of the company’s stock.

Endava News Summary

Here are the key news stories impacting Endava this week:

• Positive Sentiment: Needham & Company reaffirmed its Buy rating and set a $5.00 price target, implying substantial potential upside from recent trading levels. The endorsement may be helping support the shares. Endava’s Buy Rating Reiterated at Needham & Company LLC
• Neutral Sentiment: Several law firms reminded investors that November 30, 2026 is the deadline to seek lead-plaintiff status in the securities class action covering purchases made from September 4, 2025, through September 21, 2026. These announcements largely repeat existing litigation information rather than introduce a new operational development. Faruqi Investor Deadline Notice Howard G. Smith Deadline Alert
• Negative Sentiment: Robbins LLP, Pomerantz, Glancy Prongay Wolke & Rotter, and other firms publicized the pending class action against Endava. The complaints allege investors were misled about the accounting treatment of customer and supplier agreements. The litigation follows Endava’s delayed financials, potential improper accounting, and CFO leave, issues associated with a sharp prior selloff and continued uncertainty over the company’s reporting and management controls. Robbins Class Action Alert Pomerantz Investor Alert Endava Securities Class Action Report

About Endava

Endava plc is a technology services company that helps organizations design, develop and modernize digital products, platforms and business operations. Its services include digital strategy, software engineering, cloud and enterprise technology, data and artificial intelligence, customer experience, and technology consulting.

The company works with clients across industries including payments and financial services, telecommunications, media and technology, mobility, healthcare, retail and consumer products.