Movement Alert｜Dave Inc Rises 8.06% in Regular Trading, Investment Bank Raises Target Price to $310 Driving Rebound

Market Focus06-19

On June 18, Dave Inc rose 8.06% in regular trading, trading at $308.00/share, with turnover of approximately $98.33 million. The stock rebounded sharply after pulling back more than 4% in the prior session.

On the news front, Barrington recently raised its target price on Dave from $290 to $310, maintaining an outperform rating. According to FactSet, analysts covering Dave have an average rating of buy with a mean target price of $335.73, implying further upside from the current level. The target price upgrade, combined with valuation recovery sentiment following the prior session's pullback, drove buying interest in the stock.

Dave Inc. provides a suite of financial products and services through its digital banking platform, offering low-cost, transparent financial services to millions of American consumers in the consumer lending space. The company reported EPS of $4.02 in its most recent quarterly earnings on May 5.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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