On July 16, Dave Inc rose 5.01% in regular trading, trading at $436.45/share, with turnover of $166 million. The stock extended gains for a second consecutive session following UBS's significant price target revision.

On the news front, UBS raised its price target on Dave from $300 to $470, representing a 56.7% increase, while maintaining a Buy rating. The adjusted analyst consensus target price has risen to $388.55, which the current share price now exceeds. UBS first initiated coverage on Dave in late May with a Buy rating and $300 target, making this sharp upward revision within a short timeframe a strong signal of growing conviction in the company's growth trajectory.

Supporting the bullish analyst sentiment, Dave reported Q1 adjusted EPS of $3.64, beating the consensus estimate of $2.87 by 26.8%, with revenue of $158.4 million surpassing the $151.6 million estimate. The company guided full-year adjusted EPS of $14-$15, above the FactSet estimate of $13.57. Dave was also added to the S&P SmallCap 600 index in late May.

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