On September 3, Dave Inc rose 8.03% in regular trading, trading at $368.31/share, with turnover of approximately $90.90 million. The rally was fueled by a wave of investment bank target price upgrades and better-than-expected second-quarter results.

In Q2, Dave Inc reported adjusted EPS of $4.12, beating the analyst consensus estimate of $3.67 by over 12%, representing a year-over-year increase of more than 31%. Revenue came in at $170.8 million, up from $131.7 million a year earlier. The company simultaneously raised its full-year guidance, now expecting revenue of $725 million to $735 million and adjusted EPS of $17.00 to $17.50, both above prior forecasts and market consensus of $16.82 EPS and $720.3 million in revenue.

On the analyst front, multiple banks have recently lifted their targets: UBS raised its price target from $300 to $470 while maintaining a Buy rating; B. Riley raised its target to $449 from $370; Barrington Research adjusted to a $420-$440 range from $310; and Piper Sandler initiated coverage with an Overweight rating and a $390 target. The average analyst target now stands at approximately $426.58.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)