Needham keeps USD 5.00 target for Endava stock

Published on 10/20/2026 at 19:27 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Results are scheduled for November 2, 2026. Endava stock costs EUR 1.94 on October 20, 2026 at 7:17 p.m. CEST at Lang & Schwarz.

Reporting date November 2, 2026

Needham & Company LLC maintained a Buy rating and a USD 5.00 target for Endava on October 12, 2026.
Endava reported GBP 178.5 million in third-quarter fiscal 2026 revenue, down 8.40 percent year over year.
Endava stock was at EUR 1.94 at Lang & Schwarz on October 20, 2026 at 7:17 p.m. CEST.
Endava intends to publish fiscal fourth-quarter and full-year 2026 results by November 2, 2026.

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Needham & Company LLC restated its Buy rating and kept a USD 5.00 price target for Endava on October 12, 2026, according to MarketBeat. Endava was trading at EUR 1.94 at Lang & Schwarz on October 20, 2026 at 7:17 p.m. CEST.

Revenue fell in fiscal third quarter

Endava generated GBP 178.5 million in revenue in the third quarter of fiscal 2026, down 8.40 percent from GBP 194.8 million a year earlier, according to AI Expert Magazine. The period ended March 31, 2026. Adjusted profit before tax fell to GBP 3.2 million from GBP 24.6 million, reducing the adjusted margin from 12.60 percent to 1.80 percent.

The same report said Endava recognized an IFRS loss of GBP 394.4 million in the quarter, compared with a GBP 10.9 million profit a year earlier. A GBP 364.6 million non-cash goodwill impairment was cited alongside the result, so the reported loss and adjusted operating picture need to be read separately.

NYSE valuation remains compressed

On the NYSE, Endava was at USD 2.19 on October 20, 2026 at 1:25 p.m. EDT. Market capitalization stood at USD 122.8 million on that date, while the 52-week range was USD 1.60 to USD 9.88, according to the structured market quotation.

The wide range places the current US quotation near its lower end, while the euro quotation gives German investors a separate trading reference. The two currencies are not combined into a single percentage comparison.

What date comes next?

Endava intends to publish fiscal fourth-quarter and full-year 2026 results and file its Form 20-F by November 2, 2026. The company disclosed the timing in its September 21, 2026 filing, which also appointed Conor McShane as interim chief financial officer and described an ongoing investigation into accounting treatment of customer and supplier agreements, as reported by Endava.

Endava stock at Lang & Schwarz

Endava was trading at EUR 1.94 at Lang & Schwarz on October 20, 2026 at 7:17 p.m. CEST. The current euro quotation offers a live German-market reference ahead of the company reporting deadline.

The further course of trading is shown by the continuously updated real-time quote of Endava stock.