Dave price target raised to $229 from $179 at Canaccord

Canaccord analyst Joseph Vafi raised the firm’s price target on Dave (DAVE) to $229 from $179 and keeps a Buy rating on the shares. The firm said the company continues to be a Fintech standout quarter after quarter in terms of growth, outperformance and achieving better and better operating margins and Q2 was no exception. The view Dave as a quite attractive growth play across FinTech, exploiting what is a very large need among underbanked consumers for banking and financial service products.