Dave price target raised to $150 from $110 at Barrington

Barrington raised the firm’s price target on Dave (DAVE) to $150 from $110 and keeps an Outperform rating on the shares. The company reported much better than expected Q1 results, the analyst tells investors in a research note. The firm says Dave’s new fee structure is benefitting financial results in terms of greater ExtraCash generation, monetization, and member lifetime value.