Citizens Jmp Raises Dave (NASDAQ:DAVE) Price Target to $335.00

Dave (NASDAQ:DAVE) had its price target lifted by equities researchers at Citizens Jmp from $310.00 to $335.00 in a research note issued on Friday,Benzinga reports. The firm currently has a “market outperform” rating on the fintech company’s stock. Citizens Jmp’s target price indicates a potential upside of 80.68% from the company’s previous close.

Several other equities analysts have also issued reports on DAVE. Zacks Research raised Dave from a “hold” rating to a “strong-buy” rating in a report on Monday, February 16th. Lake Street Capital raised their price objective on Dave from $308.00 to $326.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. William Blair reaffirmed an “accumulate” rating on shares of Dave in a report on Friday, March 13th. B. Riley Financial raised their price objective on Dave from $297.00 to $303.00 and gave the stock a “buy” rating in a report on Tuesday, March 3rd. Finally, Canaccord Genuity Group increased their price objective on Dave from $274.00 to $328.00 and gave the company a “buy” rating in a report on Tuesday, March 3rd. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Dave currently has a consensus rating of “Moderate Buy” and a consensus target price of $315.25.

Dave Trading Up 1.9%

DAVE stock opened at $185.41 on Friday. Dave has a twelve month low of $78.30 and a twelve month high of $286.45. The company’s 50 day moving average is $188.33 and its two-hundred day moving average is $203.69. The stock has a market cap of $2.51 billion, a P/E ratio of 13.73 and a beta of 3.81.

Dave announced that its Board of Directors has approved a share repurchase plan on Monday, March 2nd that allows the company to repurchase $300.00 million in shares. This repurchase authorization allows the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company’s board believes its shares are undervalued.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Principal Financial Group Inc. increased its holdings in shares of Dave by 22.7% in the third quarter. Principal Financial Group Inc. now owns 67,792 shares of the fintech company’s stock valued at $13,514,000 after purchasing an additional 12,555 shares during the period. SG Americas Securities LLC increased its holdings in shares of Dave by 2,267.1% in the fourth quarter. SG Americas Securities LLC now owns 88,552 shares of the fintech company’s stock valued at $19,606,000 after purchasing an additional 84,811 shares during the period. Hudson Bay Capital Management LP acquired a new position in shares of Dave in the third quarter valued at approximately $1,826,000. Robeco Institutional Asset Management B.V. boosted its holdings in shares of Dave by 81.2% in the third quarter. Robeco Institutional Asset Management B.V. now owns 19,375 shares of the fintech company’s stock valued at $3,862,000 after acquiring an additional 8,681 shares in the last quarter. Finally, Wilson Asset Management International PTY Ltd. purchased a new stake in shares of Dave in the third quarter valued at about $1,561,000. Institutional investors and hedge funds own 18.01% of the company’s stock.

Key Headlines Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: CashAI v5.5 is said to materially boost ExtraCash originations while improving credit quality, which Zacks says is driving sharper revenue and profit growth and a strong 2026 outlook. Is CashAI v5.5 the Secret Sauce to Dave’s Fintech Success?
• Positive Sentiment: Citizens JMP raised its price target from $310 to $335 and kept a “market outperform” rating, signaling analyst confidence in upside vs. current levels. Benzinga
• Positive Sentiment: Seeking Alpha highlights rapid revenue and EBITDA growth, member/ARPU gains and CashAI-enabled origination expansion — framing DAVE as a strong buy on durable unit economics and margin improvement. Dave: Rapid Growth Through Members And AI Implementation
• Positive Sentiment: Zacks notes DAVE has surged ~116% over the past year as its fee model, CashAI engine and margins have accelerated growth — a reminder of strong momentum that can attract momentum-driven buyers. DAVE Stock Skyrockets 116% in a Year: How Should You Play It?
• Neutral Sentiment: Various consumer/entertainment pieces and personal-finance columns referencing people named “Dave” (Dave Ramsey, Dave Coulier, Dave Portnoy, etc.) are appearing in the press but are unrelated to Dave Inc.’s business fundamentals and unlikely to move the stock materially. Representative example: Ramsey coverage. Dave Ramsey’s Tough Advice for 64-Year-Old on Disability

Dave Company Profile

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.