Deutsche Bank Maintains Hold on Endava, Lowers Price Target to $2

Endava plc (NYSE: DAVA) Scrutinized Amid Board Placing CFO On Leave, 25% Stock Drop -- HBSS

Endava (NYSE: DAVA) experienced a sharp 25% stock decline on September 22, 2026, after announcing that its CFO Mark Thurston was placed on administrative leave and an internal investigation was initiated regarding accounting treatment of customer and supplier agreements. The company also delayed its quarterly and annual reports, prompting securities law firm Hagens Berman to investigate potential violations of federal securities laws and possible financial statement restatements.

Securities Fraud Investigation Into Endava plc (DAVA) Continues – Shareholders Who Lost Money Urged To Contact Glancy Prongay Wolke & Rotter LLP, a Leading Securities Fraud Law Firm

Endava plc announced that its CFO Mark Thurston was placed on administrative leave pending an investigation by independent outside counsel regarding the company's accounting treatment of customer and supplier agreements. The announcement triggered a significant stock price decline of 24.2% during intraday trading on September 22, 2026, prompting a securities fraud investigation and class action lawsuit.

TD Cowen Reiterates Hold on Endava, Maintains $3.5 Price Target

TD Cowen analyst Bryan Bergin reiterates Endava (NYSE:DAVA) with a Hold and maintains $3.5 price target.

Endava shares are trading lower after Willaim Blair downgraded the stock from Market Perform to Underperform. Also Deutsche Bank lowered its price target on the stock from $3 to $2.