JPMorgan Reduces PT on Endava plc (DAVA); Morgan Stanley Reiterates 'Hold' Rating

Endava plc (NYSE:DAVA) is one of the 12 Best Quantum Computing Stocks to Buy According to Wall Street Analysts.

Endava plc (NYSE:DAVA) has received cautious coverage from Wall Street this month, as analysts examine the IT services sector.

On August 20, 2025, JPMorgan reduced its price target on Endava plc (NYSE:DAVA) to $17 from $18 while maintaining a Neutral rating, citing the sector’s third consecutive year of below-average sales growth. While the firm emphasized that a recovery in growth is required for higher valuations, JPMorgan remains optimistic about future performance.

Earlier, on August 4, 2025, Morgan Stanley’s James Faucette reiterated its Hold rating and $17 target, indicating a consistent but cautious outlook. The revisions emphasize Endava plc (NYSE:DAVA)’s slower near-term growth as larger IT services growth trends weigh on optimism.

Endava plc (NYSE:DAVA), which operates globally from its London headquarters, provides digital transformation, software engineering, and managed IT services to clients in areas such as banking, healthcare, retail, and technology. It is one of the Best Quantum Computing Stocks.

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