Online Bank Dave Valuation is Still Cheap and Deserves Further Consideration -- Market Talk

Dow Jones

Feb 18, 2025

0920 ET - Online bank Dave's prospects for sustained, profitable growth merits a higher multiple than investors have afforded it to this point, says Benchmark's Mark Palmer in a research note. The Los Angeles company rallied last year after improving its operating performance, but still continues to trade at a sizable discount to peers including Affirm Holdings, says the analyst. Palmer believes Dave has a long runway for growth, particularly as the primary source of growth in recent quarters has been existing customers returning for multiple loans rather than new customers coming to the platform. Shares tick up 2.3% to $120.04 in premarket trading, on pace for its highest close since May 2022. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

February 18, 2025 09:20 ET (14:20 GMT)

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The Los Angeles company rallied last year after improving its operating performance, but still continues to trade at a sizable discount to peers including Affirm Holdings, says the analyst. Palmer believes Dave has a long runway for growth, particularly as the primary source of growth in recent quarters has been existing customers returning for multiple loans rather than new customers coming to the platform. Shares tick up 2.3% to $120.04 in premarket trading, on pace for its highest close since May 2022. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2025 09:20 ET (14:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Online Bank Dave Valuation is Still Cheap and Deserves Further Consideration -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nOnline Bank Dave Valuation is Still Cheap and Deserves Further Consideration -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2025-02-18 22:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n  0920 ET - Online bank Dave's prospects for sustained, profitable growth merits a higher multiple than investors have afforded it to this point, says Benchmark's Mark Palmer in a research note. The Los Angeles company rallied last year after improving its operating performance, but still continues to trade at a sizable discount to peers including Affirm Holdings, says the analyst. Palmer believes Dave has a long runway for growth, particularly as the primary source of growth in recent quarters has been existing customers returning for multiple loans rather than new customers coming to the platform. Shares tick up 2.3% to $120.04 in premarket trading, on pace for its highest close since May 2022. (denny.jacob@wsj.com; @pennedbyden) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  February 18, 2025 09:20 ET (14:20 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"DAVE","symbol_name":"Dave Inc","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2512163702","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2512163702","pubTimestamp":1739888400,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0920 ET - Online bank Dave's prospects for sustained, profitable growth merits a higher multiple than investors have afforded it to this point, says Benchmark's Mark Palmer in a research note. The Los Angeles company rallied last year after improving its operating performance, but still continues to trade at a sizable discount to peers including Affirm Holdings, says the analyst. Palmer believes Dave has a long runway for growth, particularly as the primary source of growth in recent quarters has been existing customers returning for multiple loans rather than new customers coming to the platform. Shares tick up 2.3% to $120.04 in premarket trading, on pace for its highest close since May 2022. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"DAVE":"Dave Inc","BK4023":"应用软件","BK4166":"消费信贷"},"translate_title":"网上银行戴夫估值仍然便宜，值得进一步考虑——市场谈话","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"DAVE":0.9},"content_text":"0920 ET - Online bank Dave's prospects for sustained, profitable growth merits a higher multiple than investors have afforded it to this point, says Benchmark's Mark Palmer in a research note. The Los Angeles company rallied last year after improving its operating performance, but still continues to trade at a sizable discount to peers including Affirm Holdings, says the analyst. Palmer believes Dave has a long runway for growth, particularly as the primary source of growth in recent quarters has been existing customers returning for multiple loans rather than new customers coming to the platform. Shares tick up 2.3% to $120.04 in premarket trading, on pace for its highest close since May 2022. (denny.jacob@wsj.com; @pennedbyden) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  February 18, 2025 09:20 ET (14:20 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}