Pfizer stock faces pressure despite cost cuts as Goldman maintains neutral rating
Investing.com - Benchmark has reiterated its Buy rating and $320.00 price target on Dave Inc (NASDAQ:DAVE) despite recent market concerns about potential credit issues. According to InvestingPro data, the company has shown remarkable performance with a 398% return over the past year, while maintaining a "GREAT" financial health score of 3.1.
The fintech company’s share price has been under pressure following speculation that it might face credit problems ahead of its third-quarter 2025 earnings report, due on November 5. Despite recent volatility, five analysts have revised their earnings estimates upward, with targets ranging from $229 to $320.
Benchmark attributed some of these concerns to a sell-side research report suggesting that apparent credit performance issues at Upstart could impact other credit-focused fintech companies.
The research firm dismissed these concerns as "misguided," noting that Dave’s business model differs significantly from companies facing longer-duration lending risks.
Benchmark emphasized that Dave’s platform focuses on short-tenor cash advances with an average duration of approximately 10 days, offered to borrowers evaluated through real-time bank account data via Plaid integration and the company’s CashAI credit-decisioning engine.
In other recent news, Dave Inc. has been the focus of several analyst updates and company developments. The company reported second-quarter 2025 results that exceeded expectations, leading Freedom Capital Markets to raise its price target on Dave to $280 and maintain a Buy rating. Following this, Citizens JMP also increased its price target to $300, citing strong earnings revisions and maintaining a Market Outperform rating. Benchmark reiterated its Buy rating with a $320 price target, confirming that Dave’s margins would remain unaffected by JPMorgan Chase’s new data aggregator charging policy.
Additionally, Dave Inc. announced the full implementation of CashAI v5.5, an upgraded version of its AI-driven cash flow underwriting engine, which aims to improve credit access and performance. This upgrade nearly doubles the feature set from previous versions and has been trained on over 7 million recent ExtraCash originations. These developments reflect a positive outlook from analysts and strategic advancements within the company.
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