“Dave, Inc.: Strong Buy Rating on Undervalued Stock with Promising Growth and Expansion Potential”

Benchmark Co. analyst Mark Palmer reiterated a Buy rating on Dave (DAVE – Research Report) today and set a price target of $145.00.

Mark Palmer has given his Buy rating due to a combination of factors driving Dave, Inc.’s compelling risk/reward proposition. The company’s operating momentum is strong, with significant share price appreciation linked to improvements in performance, yet the stock still trades at a discount compared to its peers. Palmer anticipates sustained growth as Dave continues to expand its product offerings, appealing to a large market of potential customers in financial need.
Additionally, DAVE’s current customer base demonstrates loyalty, providing a solid foundation for cross-selling and increasing average revenue per user. Despite the stock’s rally, its valuation remains attractive, with potential for further appreciation given its lower EV/EBITDA multiple compared to similar firms. The company’s recent financial results, notably outperforming expectations, further support Palmer’s confidence, as management manages to balance investor expectations with promising growth prospects.

According to TipRanks, Palmer is a 5-star analyst with an average return of 15.6% and a 53.81% success rate.