Movement Alert|Dave Inc Rises 6.76% in Regular Trading, Barrington Research Raises Target Price to $420-$440

Market Focus
Aug 04

On August 4, Dave Inc rose 6.76% in regular trading, trading at $397.87/share, with turnover of $38.47 million.

On the news front, Barrington Research significantly raised its price target on Dave Inc from $310 to the $420-$440 range, maintaining an Outperform rating. According to FactSet data, the current analyst consensus rating on Dave is Buy, with a mean target price of $388.55. Earlier, UBS also raised its target price to $470 from $300 while maintaining a Buy rating, reflecting broad institutional optimism.

The rally also comes ahead of the company's Q2 earnings release scheduled for August 5 after market close. Market consensus expects revenue of $171 million, representing 29.51% year-over-year growth, and adjusted EPS of $3.67, up 143.76% year-over-year. Dave delivered a strong beat last quarter, with adjusted EPS of $4.02 exceeding the $2.87 estimate by 26.83%, reinforcing investor confidence heading into the upcoming report.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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