Key Takeaways:
- Dave Inc. (DAVE, Financial) shares surged 27% in premarket action following a robust revenue forecast for 2025, projecting figures between $460M-$475M.
- With a significant increase in Q1 revenue to $108M and an adjusted EPS of $2.48, Dave has exceeded market expectations.
- Analyst ratings suggest a positive outlook, but GuruFocus' GF Value indicates potential overvaluation in the current stock price.
In a remarkable move, shares of Dave Inc. (DAVE) catapulted by 27% during premarket trading, driven by an optimistic revenue projection for 2025. The neobank anticipates its revenue to reach a range of $460 million to $475 million, comfortably outpacing analysts' projections. This bullish outlook comes on the heels of a significant Q1 performance, where Dave reported revenue of $108 million, demonstrating impressive year-over-year growth. The adjusted EPS stood at $2.48, significantly surpassing market expectations, highlighting the company's robust financial health.
Wall Street Analysts' Insights
According to the forecasts provided by eight analysts, Dave Inc. (DAVE, Financial) holds a one-year price target average of $126.13, with projections ranging from a high of $145.00 to a low of $109.00. This average target suggests a potential upside of 16.97% from the current trading price of $107.83. Investors seeking more comprehensive estimate data can visit the Dave Inc (DAVE) Forecast page.
The consensus from eight brokerage firms assigns Dave Inc. an average recommendation rating of 1.9, which translates to an "Outperform" verdict. The recommendation scale ranges from 1 to 5, where a rating of 1 indicates a "Strong Buy," and 5 reflects a "Sell" recommendation. This rating underscores the market's optimistic view of Dave's future prospects.
Despite the upbeat sentiment in analyst ratings, GuruFocus' proprietary GF Value metric presents a more cautious perspective. The GF Value estimate for Dave Inc. hovers at $35.98 over the next year, indicating a potential downside of 66.63% from the current share price of $107.83. The GF Value is GuruFocus' assessment of the fair value based on historical trading multiples, past business growth, and future performance projections. For an in-depth analysis, visit the Dave Inc (DAVE, Financial) Summary page.
