Endava (DAVA) Stock Forecast, Price Target & Predictions
DAVA Stock Forecast
Endava stock forecast is as follows: an average price target of $56.30 (represents a 134.88% upside from DAVA’s last price of $23.97) and a rating consensus of 'Buy', based on 9 wall street analysts offering a 1-year stock forecast.
DAVA Price Target
The average price target for Endava (DAVA) is $56.30 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $100.00 to $33.10. This represents a potential 134.88% upside from DAVA's last price of $23.97.
DAVA Analyst Ratings
According to 9 Wall Street analysts, Endava's rating consensus is 'Buy'. The analyst rating breakdown for DAVA stock is 0 'Strong Buy' (0.00%), 7 'Buy' (77.78%), 2 'Hold' (22.22%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Endava Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Sep 18, 2024 | James Faucette | Morgan Stanley | $40.00 | $29.40 | 36.05% | 66.88% |
| May 24, 2024 | Jonathan Lee | Guggenheim | $55.00 | $30.98 | 77.53% | 129.45% |
| May 24, 2024 | Harry Read | Redburn Partners | $33.10 | $30.98 | 6.84% | 38.09% |
| May 01, 2024 | Phani Kanumuri | HSBC | $45.00 | $29.00 | 55.17% | 87.73% |
| Sep 19, 2023 | Bryan Keane | Deutsche Bank | $53.00 | $51.00 | 3.92% | 121.11% |
| Jun 12, 2023 | James E Friedman | Susquehanna | $100.00 | $48.07 | 108.03% | 317.19% |
| May 24, 2023 | Mayank Tandon | Needham | $68.00 | $50.85 | 33.73% | 183.69% |
| Sep 29, 2022 | James Faucette Faucette | Morgan Stanley | $95.00 | $82.27 | 15.47% | 296.33% |
The latest Endava stock forecast, released on Sep 18, 2024 by James Faucette from Morgan Stanley, set a price target of $40.00, which represents a 36.05% increase from the stock price at the time of the forecast ($29.40), and a 66.88% increase from DAVA last price ($23.97).
Endava Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | 1 | 4 |
| Avg Price Target | - | $40.00 | $43.28 |
| Last Closing Price | $23.97 | $23.97 | $23.97 |
| Upside/Downside | -100.00% | 66.88% | 80.56% |
In the current month, the average price target of Endava stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Endava's last price of $23.97. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Sep 18, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Sep 18, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Sep 18, 2024 | Needham | Buy | Buy | Hold |
| Sep 18, 2024 | Wedbush | Outperform | Outperform | Hold |
| May 24, 2024 | Cowen & Co. | Buy | Buy | Hold |
| May 24, 2024 | Guggenheim | Buy | Buy | Hold |
| May 23, 2024 | Wedbush | Buy | Buy | Hold |
| May 01, 2024 | HSBC | Hold | Buy | Upgrade |
| Mar 19, 2024 | Susquehanna | Buy | Buy | Hold |
| Mar 12, 2024 | Susquehanna | Positive | Positive | Hold |
Endava's last stock rating was published by Morgan Stanley on Sep 18, 2024. The company gave DAVA a "Equal-Weight" rating, the same as its previous rate.
Endava Financial Forecast
Endava Revenue Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $203.53M | $205.24M | $196.17M | $180.40M | $169.22M | $157.67M | $147.47M | $133.62M | $112.31M | $105.24M | $95.13M | $90.46M | $92.23M |
| Avg Forecast | $355.47M | $345.99M | $332.30M | $318.06M | $294.68M | $280.89M | $280.26M | $272.52M | $269.84M | $259.29M | $256.13M | $260.29M | $247.29M | $220.53M | $234.87M | $227.44M | $239.30M | $248.59M | $248.44M | $214.59M | $217.07M | $213.22M | $204.90M | $194.85M | $181.72M | $153.37M | $141.16M | $116.97M | $107.30M | $108.63M |
| High Forecast | $355.47M | $345.99M | $332.30M | $318.06M | $294.68M | $280.89M | $280.26M | $272.52M | $269.84M | $259.29M | $256.13M | $260.63M | $247.29M | $220.53M | $236.56M | $227.44M | $239.30M | $248.59M | $248.44M | $214.59M | $217.07M | $213.22M | $204.90M | $194.85M | $181.72M | $153.37M | $141.16M | $116.97M | $107.30M | $108.63M |
| Low Forecast | $355.47M | $345.99M | $332.30M | $318.06M | $294.68M | $280.89M | $280.26M | $272.52M | $269.84M | $259.29M | $256.13M | $259.93M | $247.29M | $220.53M | $233.52M | $227.44M | $239.30M | $248.59M | $248.44M | $214.59M | $217.07M | $213.22M | $204.90M | $194.85M | $181.72M | $153.37M | $141.16M | $116.97M | $107.30M | $108.63M |
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 3 | 6 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.82% | 0.83% | 0.91% | 0.83% | 0.79% | 0.77% | 0.76% | 0.74% | 0.73% | 0.75% | 0.81% | 0.84% | 0.85% |
Endava's average Quarter revenue forecast for Jun 23 based on 4 analysts is $239.30M, with a low forecast of $239.30M, and a high forecast of $239.30M. DAVA's average Quarter revenue forecast represents a 17.58% increase compared to the company's last Quarter revenue of $203.53M (Mar 23).
Endava EBITDA Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 3 | 6 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $23.35M | $37.48M | $29.84M | $24.48M | $25.45M | $19.08M | $24.92M | $18.52M | $16.50M | $10.61M | $8.72M | $6.75M | $19.93M |
| Avg Forecast | $43.37M | $42.21M | $40.54M | $38.80M | $35.95M | $34.27M | $34.19M | $33.25M | $32.92M | $31.63M | $31.25M | $31.76M | $30.17M | $26.90M | $28.65M | $27.75M | $29.19M | $30.33M | $30.31M | $26.18M | $26.48M | $23.12M | $25.00M | $23.77M | $22.17M | $12.66M | $17.22M | $14.27M | $13.09M | $18.72M |
| High Forecast | $43.37M | $42.21M | $40.54M | $38.80M | $35.95M | $34.27M | $34.19M | $33.25M | $32.92M | $31.63M | $31.25M | $31.80M | $30.17M | $26.90M | $28.86M | $27.75M | $29.19M | $30.33M | $30.31M | $26.18M | $26.48M | $27.75M | $25.00M | $23.77M | $22.17M | $15.20M | $17.22M | $14.27M | $13.09M | $22.46M |
| Low Forecast | $43.37M | $42.21M | $40.54M | $38.80M | $35.95M | $34.27M | $34.19M | $33.25M | $32.92M | $31.63M | $31.25M | $31.71M | $30.17M | $26.90M | $28.49M | $27.75M | $29.19M | $30.33M | $30.31M | $26.18M | $26.48M | $18.50M | $25.00M | $23.77M | $22.17M | $10.13M | $17.22M | $14.27M | $13.09M | $14.98M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.77% | 1.24% | 1.14% | 0.92% | 1.10% | 0.76% | 1.05% | 0.84% | 1.30% | 0.62% | 0.61% | 0.52% | 1.06% |
4 analysts predict DAVA's average Quarter EBITDA for Jun 23 to be $29.19M, with a high of $29.19M and a low of $29.19M. This is 25.05% upper than Endava's previous annual EBITDA (Mar 23) of $23.35M.
Endava Net Income Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 3 | 6 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $24.36M | $15.02M | $31.73M | $27.04M | $20.10M | $15.41M | $20.55M | $15.95M | $12.99M | $7.80M | $6.71M | $6.11M | $14.61M |
| Avg Forecast | $34.55M | $33.42M | $31.72M | $27.76M | $27.76M | $25.44M | $21.22M | $19.74M | $21.22M | $17.09M | $13.87M | $12.57M | $13.28M | $11.22M | $17.26M | $20.42M | $26.48M | $31.16M | $33.10M | $30.15M | $28.71M | $17.63M | $25.71M | $25.19M | $20.80M | $9.97M | $15.43M | $12.47M | $9.37M | $13.72M |
| High Forecast | $34.55M | $33.42M | $31.72M | $27.76M | $27.76M | $25.44M | $21.22M | $19.74M | $21.22M | $17.09M | $13.87M | $12.57M | $13.37M | $11.35M | $17.26M | $20.46M | $26.48M | $31.16M | $33.10M | $30.15M | $28.71M | $21.16M | $25.71M | $25.19M | $20.80M | $11.96M | $15.43M | $12.47M | $9.37M | $16.46M |
| Low Forecast | $34.55M | $33.42M | $31.72M | $27.76M | $27.76M | $25.44M | $21.22M | $19.74M | $21.22M | $17.09M | $13.87M | $12.14M | $13.18M | $11.09M | $16.79M | $20.39M | $26.48M | $31.16M | $33.10M | $30.15M | $28.71M | $14.11M | $25.71M | $25.19M | $20.80M | $7.98M | $15.43M | $12.47M | $9.37M | $10.97M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.78% | 0.45% | 1.05% | 0.94% | 1.14% | 0.60% | 0.82% | 0.77% | 1.30% | 0.51% | 0.54% | 0.65% | 1.06% |
Endava's average Quarter net income forecast for Jun 23 is $26.48M, with a range of $26.48M to $26.48M. DAVA's average Quarter net income forecast represents a 8.70% increase compared to the company's last Quarter net income of $24.36M (Mar 23).
Endava SG&A Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 3 | 6 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $37.92M | $37.36M | $38.88M | $32.20M | $29.99M | $31.98M | $27.64M | $25.55M | $20.48M | $22.99M | $21.27M | $24.66M | $19.98M |
| Avg Forecast | $70.88M | $68.99M | $66.26M | $63.43M | $58.76M | $56.01M | $55.89M | $54.34M | $53.81M | $51.71M | $51.08M | $51.91M | $49.31M | $43.98M | $46.83M | $45.35M | $47.72M | $49.57M | $49.54M | $42.79M | $43.29M | $26.31M | $40.86M | $38.86M | $36.24M | $15.72M | $28.15M | $23.33M | $21.40M | $18.76M |
| High Forecast | $70.88M | $68.99M | $66.26M | $63.43M | $58.76M | $56.01M | $55.89M | $54.34M | $53.81M | $51.71M | $51.08M | $51.97M | $49.31M | $43.98M | $47.17M | $45.35M | $47.72M | $49.57M | $49.54M | $42.79M | $43.29M | $31.57M | $40.86M | $38.86M | $36.24M | $18.86M | $28.15M | $23.33M | $21.40M | $22.51M |
| Low Forecast | $70.88M | $68.99M | $66.26M | $63.43M | $58.76M | $56.01M | $55.89M | $54.34M | $53.81M | $51.71M | $51.08M | $51.83M | $49.31M | $43.98M | $46.57M | $45.35M | $47.72M | $49.57M | $49.54M | $42.79M | $43.29M | $21.04M | $40.86M | $38.86M | $36.24M | $12.58M | $28.15M | $23.33M | $21.40M | $15.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.76% | 0.75% | 0.91% | 0.74% | 1.14% | 0.78% | 0.71% | 0.71% | 1.30% | 0.82% | 0.91% | 1.15% | 1.06% |
Endava's average Quarter SG&A projection for Jun 23 is $47.72M, based on 4 Wall Street analysts, with a range of $47.72M to $47.72M. The forecast indicates a 25.86% rise compared to DAVA last annual SG&A of $37.92M (Mar 23).
Endava EPS Forecast
| Jun 27 | Mar 27 | Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 2 | 2 | 2 | 2 | 2 | 2 | 1 | 1 | 1 | 1 | 2 | 5 | 2 | 3 | 6 | 4 | 4 | 4 | 2 | 2 | 2 | 2 | 3 | 3 | 3 | 7 | 10 | 10 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.42 | $0.26 | $0.56 | $0.48 | $0.36 | $0.27 | $0.37 | $0.29 | $0.23 | $0.14 | $0.12 | $0.11 | $0.27 |
| Avg Forecast | $0.59 | $0.57 | $0.54 | $0.47 | $0.47 | $0.43 | $0.36 | $0.34 | $0.36 | $0.29 | $0.24 | $0.21 | $0.23 | $0.19 | $0.29 | $0.35 | $0.45 | $0.53 | $0.56 | $0.51 | $0.49 | $0.43 | $0.44 | $0.43 | $0.35 | $0.28 | $0.26 | $0.21 | $0.16 | $0.22 |
| High Forecast | $0.59 | $0.57 | $0.54 | $0.47 | $0.47 | $0.43 | $0.36 | $0.34 | $0.36 | $0.29 | $0.24 | $0.21 | $0.23 | $0.19 | $0.29 | $0.35 | $0.45 | $0.53 | $0.56 | $0.51 | $0.49 | $0.43 | $0.44 | $0.43 | $0.35 | $0.28 | $0.26 | $0.21 | $0.16 | $0.22 |
| Low Forecast | $0.59 | $0.57 | $0.54 | $0.47 | $0.47 | $0.43 | $0.36 | $0.34 | $0.36 | $0.29 | $0.24 | $0.21 | $0.22 | $0.19 | $0.29 | $0.35 | $0.45 | $0.53 | $0.56 | $0.51 | $0.49 | $0.43 | $0.44 | $0.43 | $0.35 | $0.28 | $0.26 | $0.21 | $0.16 | $0.22 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.79% | 0.46% | 1.09% | 0.98% | 0.84% | 0.62% | 0.86% | 0.82% | 0.83% | 0.53% | 0.57% | 0.69% | 1.22% |
According to 4 Wall Street analysts, Endava's projected average Quarter EPS for Jun 23 is $0.45, with a low estimate of $0.45 and a high estimate of $0.45. This represents a 7.22% increase compared to DAVA previous annual EPS of $0.42 (Mar 23).
Endava Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| DAVA | Endava | $23.97 | $56.30 | 134.88% | Buy |
| STNE | StoneCo | $11.34 | $24.83 | 118.96% | Buy |
| PAGS | PagSeguro Digital | $8.24 | $16.81 | 104.00% | Buy |
| MQ | Marqeta | $5.95 | $10.83 | 82.02% | Buy |
| OKTA | Okta | $73.24 | $116.97 | 59.71% | Hold |
| DLO | DLocal | $8.23 | $11.20 | 36.09% | Hold |
| CFLT | Confluent | $26.63 | $29.63 | 11.27% | Buy |
| VMW | VMware | $142.48 | $149.13 | 4.67% | Hold |
| NTNX | Nutanix | $62.51 | $63.23 | 1.15% | Buy |
| BOX | Box | $32.50 | $32.75 | 0.77% | Buy |
| NEWR | New Relic | $86.99 | $86.38 | -0.70% | Buy |
DAVA Forecast FAQ
Is Endava a good buy?
Yes, according to 9 Wall Street analysts, Endava (DAVA) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 77.78% of DAVA's total ratings.
What is DAVA's price target?
Endava (DAVA) average price target is $56.3 with a range of $33.1 to $100, implying a 134.88% from its last price of $23.97. The data is based on 9 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Endava stock go up soon?
According to Wall Street analysts' prediction for DAVA stock, the company can go up by 134.88% (from the last price of $23.97 to the average price target of $56.3), up by 317.19% based on the highest stock price target, and up by 38.09% based on the lowest stock price target.
Can Endava stock reach $40?
DAVA's average twelve months analyst stock price target of $56.3 supports the claim that Endava can reach $40 in the near future.
What are Endava's analysts' financial forecasts?
Endava's analysts financial forecasts for the fiscal year (Jun 2026) are as follows: average revenue is $1.13B (high $1.13B, low $1.13B), average EBITDA is $137.65M (high $137.65M, low $137.65M), average net income is $94.15M (high $94.15M, low $94.15M), average SG&A $225.01M (high $225.01M, low $225.01M), and average EPS is $1.6 (high $1.6, low $1.6). DAVA's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.35B (high $1.35B, low $1.35B), average EBITDA is $164.92M (high $164.92M, low $164.92M), average net income is $127.45M (high $127.45M, low $127.45M), average SG&A $269.57M (high $269.57M, low $269.57M), and average EPS is $2.17 (high $2.17, low $2.17).
Did the DAVA's actual financial results beat the analysts' financial forecasts?
Based on Endava's last annual report (Jun 2022), the company's revenue was $654.76M, which missed the average analysts forecast of $830.05M by -21.12%. Apple's EBITDA was $96.86M, missing the average prediction of $98.38M by -1.54%. The company's net income was $83.09M, missing the average estimation of $97.25M by -14.56%. Apple's SG&A was $121.81M, missing the average forecast of $149.31M by -18.42%. Lastly, the company's EPS was $1.48, missing the average prediction of $1.78 by -16.96%. In terms of the last quarterly report (Mar 2023), Endava's revenue was $203.53M, missing the average analysts' forecast of $248.59M by -18.13%. The company's EBITDA was $23.35M, missing the average prediction of $30.33M by -23.02%. Endava's net income was $24.36M, missing the average estimation of $31.16M by -21.84%. The company's SG&A was $37.92M, missing the average forecast of $49.57M by -23.51%. Lastly, the company's EPS was $0.42, missing the average prediction of $0.53 by -20.76%