Dave Inc's stock plummeted 5.47% during intraday trading on Tuesday, contrasting with positive company-specific developments.

The financial technology company recently reported better-than-expected fourth-quarter results with earnings of $3.69 per share beating estimates by 15.6% and revenue of $163.7 million exceeding expectations. Dave also provided strong guidance for fiscal 2026, forecasting adjusted EPS of $14 to $15 compared to analyst estimates of $12.12, and revenue between $690 million and $710 million versus the $639.51 million estimate.

Multiple analysts raised their price targets on Dave following the earnings announcement, with Keefe, Bruyette & Woods increasing their target to $295 from $250 and B. Riley raising theirs to $303 from $297. However, the stock's decline occurred amid broader market weakness as investors braced for the impact of a widening conflict in the Middle East on inflation and global trade, with Wall Street's main indexes set to open sharply lower on Tuesday.