Citizens JMP raised the firm’s price target on Dave (DAVE) to $300 from $280 and keeps an Outperform rating on the shares. The firm says two key overhangs on the shares has been de-risked with around the company’s Q2 credit and the “ripple effects” between JP Morgan and Plaid on data pricing. Post the Q2 report, analyst models are still relatively conservative on Dace, both near term and into the next couple of years, the analyst tells investors in a research note. Citizens sees a number of new avenues for growth ahead, including new product launches coming online in 2026 and a more efficient financing model.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 55% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on DAVE:
- Dave Inc. Maintains Strong Margins Amid JPMorgan Chase’s Pricing Strategy: Analyst Recommends Buy
- Dave confirms no pricing impact from Plaid, JPMorgan announcement
- Dave announces implementation of CashAI v5.5
- Largest borrow rate increases among liquid names
- 3 Top-Rated Russell 2000 Stocks to Buy Now for Solid Upside Potential