Canaccord raised the firm’s price target on Dave (DAVE) to $130 from $120 and keeps a Buy rating on the shares. The firm The firm said its Q4 results were a breath of fresh air and while while consumer Fintech remains relatively healthy, consumer spending and credit worries remain a bit of an overhang. Canaccord believes the company is resonating with consumers which shows up not only in new user adds but also in expanding ARPU per existing user.
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Read More on DAVE:
- Dave Inc. Reports Strong 2024 Financial Performance
- Strong Financial Performance and Strategic Partnerships Drive Buy Rating for Dave, Inc.
- Closing Bell Movers: Okta spikes 15% on earnings beat and outlook
- Dave reports Q4 adjusted EPS $2.04, consensus $1.05
- Dave sees FY25 revenue $415M-$435M, consensus $408.48M
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