8 Analysts Have This To Say About Dave

In the latest quarter, 8 analysts provided ratings for Dave DAVE, showcasing a mix of bullish and bearish perspectives.

The table below provides a concise overview of recent ratings by analysts, offering insights into the changing sentiments over the past 30 days and drawing comparisons with the preceding months for a holistic perspective.

Analysts have set 12-month price targets for Dave, revealing an average target of $98.0, a high estimate of $119.00, and a low estimate of $65.00. Surpassing the previous average price target of $79.88, the current average has increased by 22.68%.

Breaking Down Analyst Ratings: A Detailed Examination

In examining recent analyst actions, we gain insights into how financial experts perceive Dave. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.

Key Insights:

• Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dave. This information offers a snapshot of how analysts perceive the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Dave compared to the broader market.
• Price Targets: Analysts predict movements in price targets, offering estimates for Dave's future value. Examining the current and prior targets offers insights into analysts' evolving expectations.

For valuable insights into Dave's market performance, consider these analyst evaluations alongside crucial financial indicators. Stay well-informed and make prudent decisions using our Ratings Table.

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Delving into Dave's Background

Dave Inc is a financial services company. It is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.

Financial Milestones: Dave's Journey

Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.

Positive Revenue Trend: Examining Dave's financials over 3 months reveals a positive narrative. The company achieved a noteworthy revenue growth rate of 40.54% as of 30 September, 2024, showcasing a substantial increase in top-line earnings. When compared to others in the Financials sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Dave's net margin falls below industry averages, indicating challenges in achieving strong profitability. With a net margin of 0.5%, the company may face hurdles in effective cost management.

Return on Equity (ROE): Dave's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of 0.31%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Dave's ROA is below industry averages, indicating potential challenges in efficiently utilizing assets. With an ROA of 0.18%, the company may face hurdles in achieving optimal financial returns.

Debt Management: Dave's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.49.

The Core of Analyst Ratings: What Every Investor Should Know

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.