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Dave Amends Agreement with Coastal Community Bank

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Dave Amends Agreement with Coastal Community Bank

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Dave ( (DAVE) ) has issued an update.

On August 4, 2025, Dave Operating LLC, a subsidiary of Dave Inc., amended its agreement with Coastal Community Bank to manage up to $225 million in receivables, which will be sold to Dave after 60 days. This move is expected to impact the company’s financial operations and partnership dynamics. Additionally, Dave Inc. reported significant financial growth for the second quarter of 2025, with a 64% increase in revenue to $131.7 million and a 42% rise in net income to $9.1 million. The company also raised its 2025 revenue and adjusted EBITDA guidance, reflecting strong performance and confidence in future growth.

The most recent analyst rating on (DAVE) stock is a Buy with a $65.00 price target. To see the full list of analyst forecasts on Dave stock, see the DAVE Stock Forecast page.

Spark’s Take on DAVE Stock

According to Spark, TipRanks’ AI Analyst, DAVE is a Outperform.

Dave Inc.’s strong earnings performance and strategic advancements lead its overall score, despite operational inefficiencies and high valuation concerns. The positive sentiment from the earnings call and recent executive promotion further bolster the stock’s outlook.

To see Spark’s full report on DAVE stock, click here.

More about Dave

Dave Inc. is a leading neobank in the United States, offering a range of financial services including Dave-branded deposit accounts and debit cards. The company focuses on providing innovative financial solutions and enhancing member value.

Average Trading Volume: 573,196

Technical Sentiment Signal: Buy

Current Market Cap: $3.19B

For a thorough assessment of DAVE stock, go to TipRanks’ Stock Analysis page.

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