Dave price target raised to $115 from $75 at JMP Securities

JMP Securities raised the firm’s price target on Dave (DAVE) to $115 from $75 and keeps an Outperform rating on the shares. Dave’s Q3 earnings were “outstanding” and the additional outlook commentary supported a strong reaction in the stock, the analyst tells investors in a research note. The firm has been incredibly pleased with the underlying business momentum and execution at the company, which are reflected in the significantly-better results in the quarter and consistent performance over the past two years, and thinks the bear case has been put to rest.