
Dave (DAVE) Stock Forecast & Price Target
Dave (DAVE) Analyst Ratings
Bulls say
Dave Inc. reported a record quarterly revenue in Q3, showcasing a significant 63% year-over-year increase to $151 million, primarily due to higher average revenue per user (ARPU) and an increase in monthly transacting members. The company's gross profit per monthly transacting member improved sequentially to $150, benefiting from optimized marketing spend and better member conversion strategies, contributing to an impressive 137% year-over-year increase in adjusted EBITDA to $58.7 million. Additionally, the growth in high-margin subscription revenue and a notable rise in ExtraCash origination volume further underscore the strong financial momentum and effective business strategies employed by Dave Inc.
Bears say
The analysis indicates a concerning outlook for Dave Inc., primarily driven by potentially adverse changes in consumer behavior and increased competition, which may hinder revenue growth and market position. Despite improvements in operating leverage and customer acquisition costs, the company's reliance on new product adoption and market conditions poses significant risks to its financial performance. Additionally, the potential impact of litigation on resources and public perception further complicates the company’s operational stability and investor confidence.
This aggregate rating is based on analysts' research of Dave and is not a guaranteed prediction by Public.com or investment advice.
Dave (DAVE) Analyst Forecast & Price Prediction
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