Dave ( (DAVE) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Dave Inc.’s stock is on the rise as B. Riley boosts its price target from $239 to $277, maintaining a Buy rating. The firm cites Dave’s strong position in the booming neo-banking sector and sees the shares as undervalued given the company’s rapid growth. Adding to the optimism, internal promotions, including Kyle Beilman’s appointment as CFO and COO, signal a robust leadership team poised for future expansion. Furthermore, Citizens JMP has also increased its price target for Dave Inc. from $200 to $260, indicating positive market sentiment despite past market overreactions.
More about Dave
YTD Price Performance: 146.94%
Average Trading Volume: 555,902
Technical Sentiment Signal: Buy
Current Market Cap: $2.84B
For further insights into DAVE stock on TipRanks’ Stock Analysis page.
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