Keefe, Bruyette & Woods Increases Dave (NASDAQ:DAVE) Price Target to $490.00

Dave (NASDAQ:DAVE) had its price objective boosted by equities research analysts at Keefe, Bruyette & Woods from $485.00 to $490.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage currently has an “outperform” rating on the fintech company’s stock. Keefe, Bruyette & Woods’ price objective would suggest a potential upside of 54.12% from the stock’s current price.

Several other research firms also recently weighed in on DAVE. Citizens Jmp boosted their price target on shares of Dave from $450.00 to $475.00 and gave the stock a “market outperform” rating in a research note on Thursday. Benchmark lifted their price target on Dave from $345.00 to $475.00 and gave the stock a “buy” rating in a research note on Wednesday, July 1st. Weiss Ratings upgraded shares of Dave from a “buy (b-)” rating to a “buy (b)” rating in a research report on Friday, July 17th. Barrington Research upped their target price on Dave from $290.00 to $310.00 and gave the company an “outperform” rating in a report on Friday, June 12th. Finally, B. Riley Financial raised their price objective on shares of Dave from $358.00 to $370.00 and gave the stock a “buy” rating in a report on Wednesday, May 27th. One analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $412.90.

Dave Stock Down 13.0%

Shares of NASDAQ DAVE opened at $317.93 on Thursday. Dave has a one year low of $152.21 and a one year high of $458.25. The company has a debt-to-equity ratio of 0.93, a current ratio of 4.22 and a quick ratio of 3.86. The firm’s 50 day simple moving average is $356.53 and its two-hundred day simple moving average is $261.06. The stock has a market capitalization of $4.04 billion, a P/E ratio of 20.62 and a beta of 3.83.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Wednesday, August 5th. The fintech company reported $0.49 earnings per share for the quarter, missing analysts’ consensus estimates of $3.44 by ($2.95). Dave had a return on equity of 77.46% and a net margin of 34.58%.The business had revenue of $170.79 million during the quarter, compared to the consensus estimate of $171.11 million. Dave has set its FY 2026 guidance at 17.000-17.500 EPS. As a group, analysts expect that Dave will post 15.66 EPS for the current fiscal year.

Insider Activity

In other news, CEO Jason Wilk sold 8,474 shares of Dave stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $275.05, for a total transaction of $2,330,773.70. Following the completion of the transaction, the chief executive officer directly owned 299,950 shares in the company, valued at approximately $82,501,247.50. This trade represents a 2.75% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Dan Preston sold 275 shares of the business’s stock in a transaction that occurred on Thursday, June 4th. The stock was sold at an average price of $247.65, for a total value of $68,103.75. Following the completion of the sale, the director directly owned 5,466 shares in the company, valued at approximately $1,353,654.90. This represents a 4.79% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders own 23.59% of the company’s stock.

Institutional Investors Weigh In On Dave

Several hedge funds have recently added to or reduced their stakes in DAVE. JPMorgan Chase & Co. increased its holdings in shares of Dave by 0.7% during the second quarter. JPMorgan Chase & Co. now owns 8,986 shares of the fintech company’s stock valued at $2,412,000 after acquiring an additional 65 shares in the last quarter. Prudential Financial Inc. purchased a new position in shares of Dave in the 2nd quarter worth about $324,000. Invesco Ltd. boosted its stake in Dave by 2,379.9% in the 2nd quarter. Invesco Ltd. now owns 97,485 shares of the fintech company’s stock worth $26,166,000 after purchasing an additional 93,554 shares in the last quarter. First Trust Advisors LP bought a new position in Dave in the 2nd quarter worth about $18,710,000. Finally, Cresset Asset Management LLC purchased a new stake in Dave during the 2nd quarter valued at about $402,000. 18.01% of the stock is owned by institutional investors.

Trending Headlines about Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Raised 2026 outlook: Dave projected revenue of $725 million to $735 million and adjusted diluted EPS of $17.00 to $17.50. Management cited growth from CashAI v6, higher ExtraCash limits and improving credit losses, although it plans to increase marketing spending in the second half. Dave raises 2026 guidance
• Positive Sentiment: Analysts raised price targets: Citizens JMP increased its target to $475 and kept a market outperform rating; Keefe, Bruyette & Woods raised its target to $490 with an outperform rating; and B. Riley lifted its target to $449 with a buy rating. The revisions signal continued confidence in Dave’s earnings and product growth. Citizens JMP forecast KBW price target
• Positive Sentiment: Growth strategy remains centered on CashAI: Earnings-call coverage highlighted stronger user monetization, larger ExtraCash advances and improving credit performance as key drivers of the higher outlook. CashAI-led growth
• Neutral Sentiment: Coverage of Q2 earnings is mixed: One report cited adjusted EPS of $4.12, above the $3.69 consensus, while the company’s reported earnings data showed $0.49 EPS versus a $3.44 estimate. Investors may therefore be focusing on the distinction between adjusted and reported results. Dave Q2 earnings
• Negative Sentiment: Valuation and volatility concerns: Barron’s described Dave’s dramatic rebound after a prior 1-for-32 reverse split as a cautionary example for investors amid renewed SPAC activity. The stock’s elevated valuation and history of extreme volatility may be prompting profit-taking despite bullish targets. SPAC cautionary tale

About Dave

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.