Barrington analyst Gary Prestopino maintained a Buy rating on Dave today and set a price target of $290.00.
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Gary Prestopino has given his Buy rating due to a combination of factors including Dave’s impressive financial performance in Q2/25, which surpassed both his and consensus expectations. The company reported a significant increase in revenue and adjusted EBITDA, with revenue reaching $131.7 million and adjusted EBITDA climbing to $50.9 million, showcasing substantial operating leverage.
The growth was driven by an increase in monthly transacting members and a rise in average revenue per user, supported by a new fee structure. Additionally, Dave’s service-based revenue saw a remarkable 70% increase, and transaction-based revenue grew by 20%. The company’s ability to efficiently manage operating expenses, alongside a robust increase in ExtraCash originations and Dave Card spend, further solidified the positive outlook, justifying the Buy rating.
In another report released on August 13, Lake Street also reiterated a Buy rating on the stock with a $263.00 price target.