0721 ET - Benchmark says the stock of mobile banking app Dave, Inc. is likely to keep rallying. Analyst Mark Palmer says in a research note that the company has seen its stock jump 275% in a little less than 3 months, and that "the neobank is well positioned to sustain its impressive operating performance, thereby driving further share price appreciation." Palmer says one the metrics that speaks to its performance is that around 98% of its ExtraCash cash advance offerings are to repeat customers. "The company has structural tailwinds and ample room for penetration of the approximately 100m Americans who are living paycheck-to-paycheck such that they could benefit from an ExtraCash advance to pay for necessities such as groceries, gasoline, and rent," says the analyst. Dave, Inc. ticks up 1.4% to $253.14 premarket. (denny.jacob@wsj.com; @pennedbyden)

(END) Dow Jones Newswires

June 30, 2025 07:21 ET (11:21 GMT)

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