
DAVA Stock Forecast & Price Target
DAVA Analyst Ratings
Bulls say
Endava reported a 6.6% year-over-year revenue increase for 2Q FY25, reaching £195.6 million, indicating sustained growth as the demand for digital transformation services strengthens. The company is expected to see a boost in earnings per share, projected between £1.20 and £1.23, following improved margins and a favorable tax rate. With anticipated acceleration in demand from Global 2000 firms for next-generation technologies, particularly AI solutions, Endava's growth trajectory appears promising, especially given its favorable valuation relative to industry peers.
Bears say
Endava has experienced flat revenue trends in key regions, with North America and Rest of World showing no growth, and Europe facing a decline of 4% due to foreign exchange headwinds and industry-specific challenges. The company's revenue forecast for FY25 has been revised downward, anticipating growth rates lower than initially projected, which raises concerns about potential downside risks to estimates and valuation compression. Additionally, Endava's recent headcount decline and cautious hiring approach reflect decreasing demand and industry concentration issues, further compounding the negative outlook on its financial performance.
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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