Dec. 24 at 7:08 PM
$DAVE Lake Street Capital Markets raised its price target on Dave Inc (NASDAQ:DAVE) to
$308.00 from
$263.00 on Tuesday, while maintaining a Buy rating on the financial technology company. Dave, currently trading at
$221.83 with a market cap of
$2.98 billion, has analyst targets ranging from
$274 to
$347, according to InvestingPro data.
The price target increase follows what Lake Street described as a "stellar quarter with improving credit performance" for Dave, despite post-earnings volatility in the stock price similar to reactions seen after Q2 and Q4 2024 results.
Lake Street highlighted several positive factors supporting its more bullish outlook, including improving delinquencies, net monetization rate expansion, and improving customer acquisition cost per member per month. This aligns with Dave’s impressive 53.8% revenue growth and "GREAT" financial health score of 3.53 from InvestingPro.
