Today's Trend
Endava PLC Sponsored ADR (NYSE: DAVA) is under pressure after reporting weaker-than-expected fiscal third-quarter results and issuing outlooks that fell short of Wall Street expectations. The company’s earnings and revenue missed estimates, and management cut both Q4 and full-year FY26 guidance, signaling softer demand, longer deal cycles, and continued client caution around technology spending. That combination is a clear negative for the stock and helps explain why shares have been moving lower.
- Needham & Company trimmed its price target but kept a buy rating, suggesting some analysts still see rebound potential for Endava despite the weak quarter.
- TD Cowen lowered its target to $4.00 and maintained a hold view, reflecting a more cautious but not outright bearish stance on the name.
- Morgan Stanley cut its target to $4.00 and kept an equal weight rating, indicating the firm sees limited near-term upside but not a dramatic deterioration beyond current expectations.
- JPMorgan reaffirmed an underweight rating while reducing its target, underscoring that sentiment on the stock remains subdued after the earnings update.
- Endava reported fiscal Q3 EPS of $0.07 versus the $0.27 consensus and revenue of $236.4 million versus $242.8 million expected, then cut FY26 EPS and revenue guidance below estimates. Endava Announces Third Quarter Fiscal Year 2026 Results
- Johnson Fistel said it is investigating potential securities-law violations tied to investor losses, adding a legal-overhang headline that may further weigh on shares. Endava plc Shareholders Are Encouraged to Reach Out to Johnson Fistel for More Information about Potentially Recovering Their Losses