In a report released today, Mark Palmer from Benchmark Co. maintained a Buy rating on Dave (DAVE – Research Report), with a price target of $145.00.
Mark Palmer has given his Buy rating due to a combination of factors that highlight Dave, Inc.’s strong financial performance and promising future outlook. The company reported impressive fourth-quarter results, surpassing both top- and bottom-line expectations. This was largely driven by significant growth in ExtraCash advance originations and increased spending on the Dave Debit Card.
Moreover, management’s guidance for fiscal year 2025 exceeded market expectations, with revenue and adjusted EBITDA projections surpassing consensus estimates. The company’s credit performance also showed improvement, with a notable decline in the delinquency rate. Additionally, a new partnership with Coastal Financial Corp. is expected to enhance Dave’s banking product offerings, further supporting the positive outlook. These factors combined to justify the Buy rating assigned by Mark Palmer.
According to TipRanks, Palmer is a 5-star analyst with an average return of 9.4% and a 50.00% success rate.
In another report released yesterday, Barrington also maintained a Buy rating on the stock with a $110.00 price target.
Questions or Comments about the article? Write to editor@tipranks.com