Dave price target raised to $75 from $70 at JMP Securities

JMP Securities raised the firm’s price target on Dave to $75 from $70 and keeps an Outperform rating on the shares. Dave reported a “terrific” start to 2024 with a beat and raise quarter, the analyst tells investors in a research note. The company exceeded expectations for both revenue and expenses, JMP says, adding that Dave’s management team has made meaningful strides to improve the firm’s financial position, including reaching solidly positive and growing cash earnings, which puts it in a position to control its own destiny.