JPMorgan Chase & Co. Has Lowered Expectations for Dave (NASDAQ:DAVE) Stock Price

Dave (NASDAQ:DAVE) had its target price decreased by research analysts at JPMorgan Chase & Co. from $480.00 to $435.00 in a report issued on Thursday, Benzinga reports. The brokerage currently has an “overweight” rating on the fintech company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 56.14% from the company’s current price.

DAVE has been the subject of several other research reports. Seaport Research Partners reiterated a “buy” rating and set a $422.00 price target on shares of Dave in a research note on Thursday, October 8th. Lake Street Capital restated a “buy” rating and issued a $450.00 target price on shares of Dave in a report on Thursday, August 6th. B. Riley Financial increased their price target on Dave from $370.00 to $449.00 and gave the company a “buy” rating in a report on Thursday, August 6th. Keefe, Bruyette & Woods increased their price target on Dave from $485.00 to $490.00 and gave the company an “outperform” rating in a report on Thursday, August 6th. Finally, Zacks Research lowered shares of Dave from a “strong-buy” rating to a “hold” rating in a research report on Monday, August 10th. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $425.69.

Dave Stock Up 1.2%

Shares of DAVE traded up $3.25 during mid-day trading on Thursday, hitting $278.59. 429,286 shares of the company’s stock were exchanged, compared to its average volume of 288,180. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave has a twelve month low of $152.21 and a twelve month high of $458.25. The firm has a fifty day moving average of $347.96 and a two-hundred day moving average of $289.16. The stock has a market cap of $3.55 billion, a price-to-earnings ratio of 22.50 and a beta of 4.07.

Dave (NASDAQ:DAVE) last issued its quarterly earnings data on Wednesday, November 4th. The fintech company reported $4.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $4.09 by $0.30. The firm had revenue of $197.70 million during the quarter, compared to analysts’ expectations of $191.89 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. On average, sell-side analysts forecast that Dave will post 13.04 earnings per share for the current year.

Institutional Investors Weigh In On Dave

Hedge funds and other institutional investors have recently modified their holdings of the stock. GK Wealth Management LLC acquired a new position in Dave during the 3rd quarter valued at $34,000. Signaturefd LLC grew its position in Dave by 119.2% in the 3rd quarter. Signaturefd LLC now owns 114 shares of the fintech company’s stock worth $37,000 after purchasing an additional 62 shares during the last quarter. Allworth Financial LP increased its holdings in shares of Dave by 25.4% during the 2nd quarter. Allworth Financial LP now owns 143 shares of the fintech company’s stock worth $53,000 after purchasing an additional 29 shares during the period. GAMMA Investing LLC increased its holdings in shares of Dave by 43.9% during the 2nd quarter. GAMMA Investing LLC now owns 223 shares of the fintech company’s stock worth $83,000 after purchasing an additional 68 shares during the period. Finally, Sterling Capital Management LLC increased its holdings in shares of Dave by 841.7% during the 3rd quarter. Sterling Capital Management LLC now owns 339 shares of the fintech company’s stock worth $109,000 after purchasing an additional 303 shares during the period. Institutional investors and hedge funds own 18.01% of the company’s stock.

More Dave News

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Dave raised its 2026 revenue and profit outlook, citing member growth, improving credit performance and expansion of its ExtraCash product. These growth and credit trends could support future results. Article: DAVE Q3 Earnings Call Highlights Higher Outlook and Credit Gains
• Negative Sentiment: Third-quarter EPS of $4.39 fell short of Zacks’ $4.45 consensus estimate. The earnings shortfall contributed to the stock’s post-report selloff despite higher revenue and raised guidance. Article: Dave Inc. Q3 Earnings Miss Estimates
• Negative Sentiment: Kirby McInerney LLP announced an investigation into potential securities-law violations or other unlawful business practices. Another law firm also announced an investigation following the November 4 disclosure. These are allegations under investigation, not findings of wrongdoing, but the announcements may add uncertainty for investors. Article: Dave, Inc. Investigation
• Negative Sentiment: JPMorgan cut its price target to $435 from $480, though it kept an Overweight rating. The shares also reportedly fell below their 200-day moving average after an analyst downgrade, a potentially bearish technical signal. Article: JPMorgan Cuts Dave Price Target

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.