Endava forms global advisory board to enhance AI-native services

LONDON - Endava (NYSE:DAVA), a technology services provider currently trading near its 52-week low of $13.39, announced Tuesday the formation of a global advisory board to support its AI-focused business transformation services. According to InvestingPro data, the company has maintained profitability despite its stock declining over 50% in the past year.

The advisory group, chaired by Alastair Lukies CBE with Dame Alison Rose as Co-Chair, includes 12 members with experience across various industries. The board will advise Endava’s leadership on growth strategies, industry trends, and market opportunities in technology-related sectors. The company, which generated over $1 billion in revenue in the last twelve months, maintains a strong financial position with liquid assets exceeding short-term obligations.

Board members include Lord Christopher Holmes of Richmond MBE, Dr. Orlando Machado, Adam Banks, Simon Jones, Stephen C. Daffron, Garry Lyons, John W. Thompson, Sandi Thompson, Sam Balaji, and David Yates.

"The expertise, connectivity and insights of the Global Advisory Board will be invaluable to our team, helping us better serve our clients as they navigate a rapidly evolving technology environment," said John Cotterell, CEO of Endava.

According to the press release statement, the advisory board will assist Endava in guiding clients through AI implementation and technology transformation. The company reports it has spent the past 18 months integrating AI across its operations while working with clients to implement AI solutions.

Endava provides technology services across multiple sectors including payments, insurance, finance, banking, technology, media, telecommunications, healthcare, mobility, retail, and consumer goods. The company employs 11,365 people across locations in Europe, the Americas, Asia Pacific and the Middle East as of March 31, 2025. With a market capitalization of $820 million and strong free cash flow yield, InvestingPro analysis suggests the stock is currently undervalued. For deeper insights into Endava’s financial health and growth prospects, including 12 additional ProTips and comprehensive valuation metrics, check out the detailed Pro Research Report available on InvestingPro.

In other recent news, Endava PLC has faced a series of analyst downgrades and adjustments in stock ratings. JPMorgan downgraded Endava’s stock from Overweight to Neutral, setting a new price target of $18, following unsatisfactory earnings results and a lowered financial outlook. Similarly, TD Cowen reduced its rating from Buy to Hold and slashed the price target to $17, citing limited potential for revenue growth recovery. Needham also adjusted Endava’s price target to $18 but maintained a Buy rating, expressing optimism about future benefits from AI adoption. BofA Securities maintained a Neutral rating with a $20 price target, highlighting the need for Endava to improve its growth profile despite increasing its share repurchase authorization by $50 million.

Meanwhile, Endava announced a strategic partnership with AlixPartners to deliver comprehensive solutions across various sectors, focusing on digital transformation and risk reduction. This collaboration aims to leverage Endava’s technological expertise in AI, cloud adoption, and data analytics with AlixPartners’ operational consulting capabilities. As Endava navigates these challenges and opportunities, investors are closely monitoring the company’s strategies for future growth and stability.

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