Movement Alert|Dave Inc Rises 8.06% in Regular Trading, Investment Bank Raises Target Price to $310 Driving Rebound

Market Focus
06/19

On June 18, Dave Inc rose 8.06% in regular trading, trading at $308.00/share, with turnover of approximately $98.33 million. The stock rebounded sharply after pulling back more than 4% in the prior session.

On the news front, Barrington recently raised its target price on Dave from $290 to $310, maintaining an outperform rating. According to FactSet, analysts covering Dave have an average rating of buy with a mean target price of $335.73, implying further upside from the current level. The target price upgrade, combined with valuation recovery sentiment following the prior session's pullback, drove buying interest in the stock.

Dave Inc. provides a suite of financial products and services through its digital banking platform, offering low-cost, transparent financial services to millions of American consumers in the consumer lending space. The company reported EPS of $4.02 in its most recent quarterly earnings on May 5.

(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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