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Endava (DAVA) Stock Forecast, Price Target & Predictions

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DAVA Stock Forecast

Endava stock forecast is as follows: an average price target of $40.00 (represents a 33.42% upside from DAVA’s last price of $29.98) 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 $40.00 based on 1-year price targets from 9 Wall Street analysts in the past 3 months, with a price target range of $40.00 to $40.00. This represents a potential 33.42% upside from DAVA's last price of $29.98.

DAVA Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 18, 2024James FaucetteMorgan Stanley$40.00$29.4036.05%33.42%
May 24, 2024Jonathan LeeGuggenheim$55.00$30.9877.53%83.46%
May 24, 2024Harry ReadRedburn Partners$33.10$30.986.84%10.41%
May 01, 2024Phani KanumuriHSBC$45.00$29.0055.17%50.10%
Sep 19, 2023Bryan KeaneDeutsche Bank$53.00$51.003.92%76.78%
Jun 12, 2023James E FriedmanSusquehanna$100.00$48.07108.03%233.56%
May 24, 2023Mayank TandonNeedham$68.00$50.8533.73%126.82%
Sep 29, 2022James Faucette FaucetteMorgan Stanley$95.00$82.2715.47%216.88%

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 33.42% increase from DAVA last price ($29.98).

Endava Price Target by Period

1M3M12M
# Anlaysts--4
Avg Price Target--$43.28
Last Closing Price$29.98$29.98$29.98
Upside/Downside-100.00%-100.00%44.36%

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 $29.98. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Sep 18, 2024Morgan StanleyEqual-WeightEqual-WeightHold
Sep 18, 2024Cowen & Co.BuyBuyHold
Sep 18, 2024NeedhamBuyBuyHold
Sep 18, 2024WedbushOutperformOutperformHold
May 24, 2024Cowen & Co.BuyBuyHold
May 24, 2024GuggenheimBuyBuyHold
May 23, 2024WedbushBuyBuyHold
May 01, 2024HSBCHoldBuyUpgrade
Mar 19, 2024SusquehannaBuyBuyHold
Mar 12, 2024SusquehannaPositivePositiveHold
Jan 08, 2024HSBCHoldDowngrade
Sep 19, 2023CitigroupBuyBuyHold
Sep 19, 2023Deutsche BankHoldHoldHold
Sep 19, 2023Morgan StanleyOverweightOverweightHold
Sep 19, 2023WedbushOutperformOutperformHold
Jun 12, 2023SusquehannaPositivePositiveHold
May 24, 2023NeedhamBuyBuyHold
Sep 28, 2022CitigroupBuyBuyHold
Feb 17, 2022Morgan StanleyOverweightOverweightHold

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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 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$354.90M$336.80M$319.48M$308.43M$292.17M$273.86M$269.74M$267.27M$267.69M$253.66M$247.39M$260.18M$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$363.97M$345.41M$327.64M$316.32M$299.63M$280.86M$276.63M$274.10M$274.53M$258.41M$247.51M$266.83M$253.61M$226.16M$236.56M$233.25M$245.42M$254.94M$254.79M$214.59M$217.07M$213.22M$204.90M$194.85M$181.72M$153.37M$141.16M$116.97M$107.30M$108.63M
Low Forecast$346.44M$328.77M$311.85M$301.08M$285.20M$267.32M$263.30M$260.89M$261.30M$249.57M$247.23M$253.97M$241.39M$215.27M$233.52M$222.01M$233.60M$242.66M$242.51M$214.59M$217.07M$213.22M$204.90M$194.85M$181.72M$153.37M$141.16M$116.97M$107.30M$108.63M
# Analysts2222221115523364442222333710101010
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 $233.60M, and a high forecast of $245.42M. 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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts2222221115523364442222333710101010
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$47.78M$45.35M$43.01M$41.53M$39.34M$36.87M$36.32M$35.99M$36.04M$34.15M$33.31M$35.03M$33.30M$29.69M$31.62M$30.62M$32.22M$33.47M$33.45M$26.18M$26.48M$23.12M$25.00M$23.77M$22.17M$12.66M$17.22M$14.27M$13.09M$18.72M
High Forecast$49.01M$46.51M$44.11M$42.59M$40.34M$37.82M$37.25M$36.90M$36.96M$34.79M$33.33M$35.93M$34.15M$30.45M$31.85M$31.41M$33.04M$34.33M$34.30M$26.18M$26.48M$27.75M$25.00M$23.77M$22.17M$15.20M$17.22M$14.27M$13.09M$22.46M
Low Forecast$46.64M$44.27M$41.99M$40.54M$38.40M$35.99M$35.45M$35.13M$35.18M$33.60M$33.29M$34.20M$32.50M$28.98M$31.44M$29.89M$31.45M$32.67M$32.65M$26.18M$26.48M$18.50M$25.00M$23.77M$22.17M$10.13M$17.22M$14.27M$13.09M$14.98M
Surprise %-----------------0.70%1.12%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 $32.22M, with a high of $33.04M and a low of $31.45M. This is 38.01% upper than Endava's previous annual EBITDA (Mar 23) of $23.35M.

Endava Net Income Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts2222221115523364442222333710101010
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$34.36M$31.59M$29.93M$27.71M$26.23M$23.23M$20.73M$19.94M$19.95M$16.06M$13.76M$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$35.50M$32.64M$30.92M$28.63M$27.10M$24.01M$21.42M$20.60M$20.62M$16.49M$14.19M$12.99M$13.37M$11.35M$17.83M$20.46M$27.36M$32.20M$34.20M$30.15M$28.71M$21.16M$25.71M$25.19M$20.80M$11.96M$15.43M$12.47M$9.37M$16.46M
Low Forecast$33.30M$30.61M$29.00M$26.85M$25.42M$22.51M$20.09M$19.32M$19.33M$14.80M$12.90M$12.18M$13.18M$11.09M$16.79M$20.39M$25.66M$30.20M$32.08M$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 $25.66M to $27.36M. 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 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts2222221115523364442222333710101010
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$70.77M$67.16M$63.71M$61.51M$58.26M$54.61M$53.79M$53.30M$53.38M$50.58M$49.33M$51.88M$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$72.58M$68.88M$65.34M$63.08M$59.75M$56.01M$55.16M$54.66M$54.74M$51.53M$49.36M$53.21M$50.57M$45.10M$47.17M$46.51M$48.94M$50.84M$50.81M$42.79M$43.29M$31.57M$40.86M$38.86M$36.24M$18.86M$28.15M$23.33M$21.40M$22.51M
Low Forecast$69.08M$65.56M$62.19M$60.04M$56.87M$53.31M$52.51M$52.02M$52.11M$49.77M$49.30M$50.65M$48.14M$42.93M$46.57M$44.27M$46.58M$48.39M$48.36M$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 $46.58M to $48.94M. The forecast indicates a 25.86% rise compared to DAVA last annual SG&A of $37.92M (Mar 23).

Endava EPS Forecast

Jun 27Mar 27Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20
# Analysts2222221115523364442222333710101010
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$0.58$0.54$0.51$0.47$0.45$0.40$0.35$0.34$0.34$0.27$0.23$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$0.60$0.56$0.53$0.49$0.46$0.41$0.36$0.35$0.35$0.28$0.24$0.22$0.23$0.19$0.30$0.35$0.47$0.55$0.58$0.51$0.49$0.43$0.44$0.43$0.35$0.28$0.26$0.21$0.16$0.22
Low Forecast$0.57$0.52$0.49$0.46$0.43$0.38$0.34$0.33$0.33$0.25$0.22$0.21$0.22$0.19$0.29$0.35$0.44$0.51$0.55$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 $0.44 and a high estimate of $0.47. This represents a 7.22% increase compared to DAVA previous annual EPS of $0.42 (Mar 23).

Endava Peer Comparison by Price Target

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
PAGSPagSeguro Digital$6.77$14.00106.79%Buy
STNEStoneCo$8.71$17.0095.18%Buy
MQMarqeta$3.89$5.5041.39%Buy
DAVAEndava$30.82$40.0029.79%Buy
NTNXNutanix$66.14$78.7519.07%Buy
OKTAOkta$85.42$93.389.32%Hold
BOXBox$32.07$34.006.02%Buy
CFLTConfluent$31.34$27.83-11.20%Buy
DLODLocal$12.03$9.75-18.95%Hold

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 $40 with a range of $40 to $40, implying a 33.42% from its last price of $29.98. 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 33.42% (from the last price of $29.98 to the average price target of $40), up by 33.42% based on the highest stock price target, and up by 33.42% based on the lowest stock price target.

Can Endava stock reach $40?

DAVA's average twelve months analyst stock price target of $40 does not support 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 $1.1B (high $1.13B, low $1.08B), average EBITDA is $148.51M (high $152.31M, low $144.97M), average net income is $90.13M (high $93.13M, low $87.34M), average SG&A $219.96M (high $225.58M, low $214.71M), and average EPS is $1.53 (high $1.58, low $1.49). DAVA's analysts financial forecasts for the fiscal year (Jun 2027) are as follows: average revenue is $1.32B (high $1.35B, low $1.29B), average EBITDA is $177.68M (high $182.22M, low $173.44M), average net income is $123.6M (high $127.7M, low $119.76M), average SG&A $263.15M (high $269.87M, low $256.87M), and average EPS is $2.1 (high $2.17, low $2.04).

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 $33.47M by -30.25%. 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%