Ratings for Dave DAVE were provided by 8 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 5 | 3 | 0 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 1 | 0 | 0 | 0 | 0 |
| 2M Ago | 2 | 0 | 0 | 0 | 0 |
| 3M Ago | 1 | 3 | 0 | 0 | 0 |
Analysts have set 12-month price targets for Dave, revealing an average target of $103.62, a high estimate of $120.00, and a low estimate of $65.00. Marking an increase of 28.61%, the current average surpasses the previous average price target of $80.57.
Breaking Down Analyst Ratings: A Detailed Examination
An in-depth analysis of recent analyst actions unveils how financial experts perceive Dave. The following summary outlines key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Joseph Vafi | Canaccord Genuity | Announces | Buy | $120.00 | - |
| Mark Palmer | Benchmark | Maintains | Buy | $119.00 | $119.00 |
| Jacob Stephan | Lake Street | Raises | Buy | $98.00 | $82.00 |
| Mark Palmer | Benchmark | Raises | Buy | $119.00 | $95.00 |
| Gary Prestopino | Barrington Research | Raises | Outperform | $90.00 | $65.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $115.00 | $75.00 |
| Hal Goetsch | B. Riley Securities | Raises | Buy | $103.00 | $63.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $65.00 | $65.00 |
Key Insights:
- Action Taken: Analysts adapt their recommendations to changing market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their response to recent developments related to Dave. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dave compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Dave's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Assessing these analyst evaluations alongside crucial financial indicators can provide a comprehensive overview of Dave's market position. Stay informed and make well-judged decisions with the assistance of our Ratings Table.
Stay up to date on Dave analyst ratings.
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All You Need to Know About Dave
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.
Dave's Financial Performance
Market Capitalization Analysis: The company exhibits a lower market capitalization profile, positioning itself below industry averages. This suggests a smaller scale relative to peers.
Revenue Growth: Over the 3 months period, Dave showcased positive performance, achieving a revenue growth rate of 40.54% as of 30 September, 2024. This reflects a substantial increase in the company's 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 lags behind industry averages, suggesting challenges in maintaining 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 averages, indicating potential challenges in efficiently utilizing equity capital. With an ROE of 0.31%, the company may face hurdles in achieving optimal financial returns.
Return on Assets (ROA): Dave's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of 0.18%, the company may face hurdles in achieving optimal financial performance.
Debt Management: Dave's debt-to-equity ratio is below the industry average. With a ratio of 0.49, the company relies less on debt financing, maintaining a healthier balance between debt and equity, which can be viewed positively by investors.
The Core of Analyst Ratings: What Every Investor Should Know
Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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