Shares of Dave Inc (DAVE) soared 5.74% in pre-market trading on Monday, following a significant price target upgrade from Barrington Research. The financial technology company's stock is gaining momentum as analysts express optimism about its future prospects.
Barrington Research adjusted its price target on Dave from $150 to $185, representing a substantial 23.3% increase. The firm also maintained its Outperform rating on the stock, signaling continued confidence in Dave's business model and growth potential. This upgrade comes as part of a broader positive sentiment among analysts, with FactSet reporting an average "Buy" rating for Dave and a mean price target of $182.
The pre-market surge suggests that investors are reacting positively to the upgraded outlook. As Dave continues to innovate in the fintech space, market participants will be closely watching for further developments and potential catalysts that could drive the stock's performance in the coming trading sessions.
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