Dave price target raised to $263 from $177 at Lake Street

Lake Street raised the firm’s price target on Dave (DAVE) to $263 from $177 and keeps a Buy rating on the shares following what the firm calls “a third blockbuster quarter.” The firm believes the stock reaction is “not reflective of the underlying fundamentals on the back of a strong quarter and raised outlook,” says the analyst, who views shares as “cheap” and attractive following “a puzzling reaction to a beat-and-raise quarter.”