Dave (NASDAQ:DAVE) Stock Price Target Cut by JPMorgan Chase & Co.

Dave (NASDAQ:DAVE) had its price target cut by JPMorgan Chase & Co. from $480.00 to $435.00 in a research note issued on Thursday, Benzinga reports. The firm currently has an “overweight” rating on the fintech company’s stock. JPMorgan Chase & Co.‘s price target suggests a potential upside of 57.99% from the company’s current price.

Several other equities analysts have also recently weighed in on the stock. UBS Group reaffirmed a “buy” rating on shares of Dave in a research note on Thursday, October 1st. Monness Crespi & Hardt assumed coverage on shares of Dave in a research note on Monday, October 26th. They issued a “neutral” rating on the stock. Freedom Capital raised shares of Dave to a “hold” rating in a report on Thursday, July 30th. Piper Sandler initiated coverage on Dave in a research report on Monday, August 17th. They set an “overweight” rating and a $390.00 price objective for the company. Finally, Wall Street Zen lowered Dave from a “hold” rating to a “sell” rating in a research report on Saturday, October 31st. Fourteen analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $429.50.

Dave Price Performance

NASDAQ DAVE traded down $60.88 during trading hours on Thursday, reaching $275.34. The company’s stock had a trading volume of 1,471,230 shares, compared to its average volume of 508,405. The firm’s 50-day moving average price is $351.80 and its 200-day moving average price is $288.29. The company has a quick ratio of 4.22, a current ratio of 4.22 and a debt-to-equity ratio of 0.93. Dave has a 1 year low of $152.21 and a 1 year high of $458.25. The company has a market capitalization of $3.51 billion, a price-to-earnings ratio of 17.86 and a beta of 4.07.

Dave (NASDAQ:DAVE) last announced its quarterly earnings data on Wednesday, November 4th. The fintech company reported $4.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.09 by $0.30. The business had revenue of $197.70 million during the quarter, compared to analyst estimates of $191.89 million. Dave had a net margin of 34.58% and a return on equity of 77.46%. On average, equities research analysts predict that Dave will post 13.04 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the company. Gryphon Financial Partners LLC increased its position in Dave by 4.3% in the third quarter. Gryphon Financial Partners LLC now owns 1,315 shares of the fintech company’s stock worth $423,000 after purchasing an additional 54 shares during the last quarter. StoneX Group Inc. bought a new position in Dave during the third quarter valued at $255,000. MeadowBrook Investment Advisors LLC lifted its position in Dave by 116.8% during the third quarter. MeadowBrook Investment Advisors LLC now owns 412 shares of the fintech company’s stock valued at $132,000 after purchasing an additional 222 shares during the last quarter. Vise Technologies Inc. lifted its position in Dave by 14.4% during the third quarter. Vise Technologies Inc. now owns 931 shares of the fintech company’s stock valued at $299,000 after purchasing an additional 117 shares during the last quarter. Finally, Summit Global Investments grew its stake in shares of Dave by 10.2% in the 3rd quarter. Summit Global Investments now owns 973 shares of the fintech company’s stock worth $313,000 after buying an additional 90 shares in the last quarter. 18.01% of the stock is currently owned by institutional investors.

Dave News Roundup

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q3 revenue rose 31% year over year to about $198 million, while adjusted EBITDA increased 39% to $82 million. Dave also reported improving delinquency rates and record new-member acquisition. Dave Reports Third Quarter 2026 Financial Results
• Positive Sentiment: Management raised its 2026 revenue and profit outlook, citing member growth, improved credit performance and expansion of ExtraCash. These trends support the company’s growth outlook, though they did not prevent the stock from declining. Q3 Earnings Call Highlights
• Negative Sentiment: Some reports characterized Q3 EPS of $4.39 as below their consensus estimate, despite revenue exceeding estimates; estimate figures varied across reports. The profit shortfall appears to have weighed on shares and overshadowed the higher outlook. Q3 Earnings Miss Estimates
• Negative Sentiment: Dave was also caught in a wider decline among fintech stocks, adding sector-level pressure beyond the company’s results. Fintech Stocks Like Robinhood And Dave Are Falling Faster Than The Market
• Negative Sentiment: A law firm announced an investigation into possible securities-law violations following the company’s November 4 disclosure. This is an investigation announcement, not a finding of wrongdoing, but it adds a headline risk for investors. Law Firm Announces Securities Investigation

Dave Company Profile

Dave Inc is a financial technology company that operates a digital banking platform in the United States. The company’s mobile app is designed to help members manage everyday finances, access funds between paychecks and build financial flexibility.

Its primary offerings include ExtraCash, an advance product intended to provide eligible members with access to a portion of their expected income, and Dave Spending, a debit account and associated payment card. Dave also provides budgeting tools, automated savings features through Dave Goals, and Side Hustle resources that help members identify potential ways to earn additional income.

Dave was founded in 2016 by Jason Wilk, who serves as chief executive officer.