
DAVA Stock Forecast & Price Target
DAVA Analyst Ratings
Bulls say
Endava is facing a temporary slowdown in revenues and earnings due to the impacts of the ongoing COVID-19 pandemic and investments in artificial intelligence, resulting in a decrease in its valuation. However, the company has a solid portfolio of clients in the high-growth payments and financial services, technology, media, and telecom sectors and is seeing rapid growth in its AI-driven business. This, coupled with potential pipeline conversion and broadening AI adoption, could lead to a re-rating of the stock in the long term.
Bears say
Endava is currently facing a number of challenges that are leading to a negative outlook. Firstly, the company is experiencing slower-than-expected revenue growth and a decline in margins due to elongated deal cycles and tighter spending scrutiny from clients. This has led to a downgrade to a Neutral rating and the removal of a price target. Additionally, the company's recent financial results have been disappointing, with lower-than-expected revenue and profits. The company is also facing macroeconomic uncertainties and potential risks from increased competition and reliance on the financial services sector.
This aggregate rating is based on analysts' research of Endava plc - ADR and is not a guaranteed prediction by Public.com or investment advice.
DAVA Analyst Forecast & Price Prediction
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