Endava (DAVA, Financial) is in the spotlight following the latest report from Needham analyst, Mayank Tandon. The report, dated May 15, 2025, highlights key adjustments in the analyst's ratings and target price for the stock.
Despite maintaining a 'Buy' rating on Endava (DAVA, Financial), Needham has lowered the price target from $22.00 to $18.00. This adjustment represents a decrease of approximately 18.18% from the prior target.
Endava (DAVA, Financial) continues to be rated as a 'Buy', signaling confidence in its potential for long-term growth despite the lowered price target. Investors and stakeholders are advised to take note of these updates as they evaluate their positions and strategies regarding Endava (DAVA).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 9 analysts, the average target price for Endava PLC (DAVA, Financial) is $27.95 with a high estimate of $50.10 and a low estimate of $17.03. The average target implies an upside of 78.72% from the current price of $15.64. More detailed estimate data can be found on the Endava PLC (DAVA) Forecast page.
Based on the consensus recommendation from 11 brokerage firms, Endava PLC's (DAVA, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Endava PLC (DAVA, Financial) in one year is $66.47, suggesting a upside of 325% from the current price of $15.64. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Endava PLC (DAVA) Summary page.
