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In a remarkable display of market confidence, shares of Dave Inc. (DAVE) have surged to a 52-week high, with the stock price peaking at $189.02. The company, now valued at $2.43 billion, has caught analysts’ attention with price targets ranging from $177 to $206. According to InvestingPro analysis, the stock appears to be trading above its Fair Value. This significant milestone underscores the company’s robust performance and investor optimism, supported by 39.3% revenue growth and a P/E ratio of 45.2x. Over the past year, Dave’s parent company, VPC Impact Acquisition Holdings III, has witnessed an impressive 316.5% change in its stock value, reflecting a strong bullish trend and potentially signaling a positive outlook for the company’s future financial health. Investors are closely monitoring Dave’s trajectory as it continues to navigate the dynamic market landscape. For deeper insights and 15 additional ProTips about DAVE, including valuable technical and fundamental indicators, check out the comprehensive research available on InvestingPro.
In other recent news, Dave Inc reported its first-quarter 2025 earnings, showcasing a robust financial performance that exceeded analyst expectations. The company announced earnings per share (EPS) of $2.48, significantly surpassing the forecasted $0.75. Revenue for the quarter reached $108 million, marking a 47% increase year-over-year and surpassing the anticipated $92.63 million. Following these results, Dave Inc raised its full-year revenue guidance to $460-$475 million, indicating a growth rate of 33-37%.
Additionally, the company has increased its adjusted EBITDA guidance to $155-$165 million, reflecting anticipated growth of 79-91%. In response to these developments, JMP Securities raised the price target for Dave Inc to $200 from the previous $125, maintaining a Market Outperform rating. The adjusted EBITDA for the quarter was reported at $44.2 million, more than tripling the previous year’s figure of $13.2 million. This strong performance was supported by lower operating expenses and a lower-than-expected tax rate. These recent developments underscore Dave Inc’s operational efficiency and growth trajectory, as recognized by analysts.
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