Dave

DAVE · NASDAQ

$363.67+$4.21 (+1.17%)TodayMarket closed · Oct 20, 7:58 PM ET

Prev close $359.46

DAVE analyst rating

BuyConsensus of 12 analysts over the last 12 months. 92% rate it a buy.

Strong buy0
Buy11
Hold1
Underperform0
Sell0

12-month price target · 16 analysts

Average $444.01 (+22.1% upside)

Low: $262.60
Now: $363.67
High: $525.00

Upgrades and downgrades

The latest rating actions, newest first

DAVE analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
JP Morgan	Sep 15, 2026	Initiates	Overweight	$480.00	50%
Loop Capital	Sep 9, 2026	Initiates	Buy	$500.00	54%
Piper Sandler	Aug 17, 2026	Initiates	Overweight	$390.00	60%
Evercore ISI Group	Aug 11, 2026	Maintains	In-Line	$260.00 → $350.00	33%
Canaccord Genuity	Aug 6, 2026	Maintains	Buy	$342.00 → $450.00	49%
B. Riley Securities	Aug 6, 2026	Maintains	Buy	$370.00 → $449.00	52%
Keefe, Bruyette & Woods	Aug 6, 2026	Maintains	Outperform	$485.00 → $490.00	35%
Citizens	Aug 6, 2026	Maintains	Market Outperform	$450.00 → $475.00	64%
UBS	Jul 14, 2026	Maintains	Buy	$300.00 → $470.00	18%
Keefe, Bruyette & Woods	Jul 13, 2026	Maintains	Outperform	$340.00 → $485.00	35%

The case for and against

Updated Oct 14, 2026

Bull case

Dave is benefiting from powerful member acquisition and monetization trends, with 951,000 new members added, CAC steady at $19, and gross-profit payback under four months, showing that growth is still efficient even as marketing spend rises. The business is also expanding operating leverage, as revenue reached $171M, adjusted EBITDA hit $76M, gross margin widened to 72%, and management raised revenue, EBITDA, and EPS guidance while expecting gross margin to move into the mid-70s. Further upside comes from underappreciated catalysts such as the removal of legacy fee caps, higher ExtraCash limits, CashAI v6.0, and Dave Flex, all of which should lift ARPU, originations, and retention without meaningfully worsening credit performance.

Bear case

Dave is a high-risk financial services business whose outlook is pressured by credit, regulatory, competitive, and AI-related execution risks, any of which could impair underwriting quality, increase compliance costs, or damage its brand. Its limited operating history and dependence on customer trust make it especially vulnerable if ExtraCash advances see rising delinquencies or if larger incumbents and FinTech rivals replicate its offerings more effectively. Despite a large 185 million-person TAM, Dave’s penetration remains modest at 2.99 million active monthly transacting members and 14.5 million total members in Q1/26, leaving substantial growth to prove while it deployed $194.9 million into share repurchases and RSU net settlements.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.