In recent news concerning Dave (DAVE, Financial), Canaccord Genuity has made significant updates to its outlook on the company's stock. Analyst Joseph Vafi from Canaccord Genuity has announced a change in the price target for DAVE, raising it from its previous level of $130.00 to an updated price target of $179.00. This adjustment represents a notable increase of 37.69% in the stock's target valuation.
Despite the raised price target, Canaccord Genuity maintains its "Buy" rating on DAVE. The decision to uphold this rating suggests continued confidence in the stock's potential for growth. The rating and price target updates were reported on May 9, 2025.
This positive outlook from Canaccord Genuity provides an encouraging sign for investors of DAVE, indicating that the company is showing promise in its market performance. The updates from the analyst reaffirm the stock's potential trajectory with a significant upward revision in the price target.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 8 analysts, the average target price for Dave Inc (DAVE, Financial) is $126.13 with a high estimate of $145.00 and a low estimate of $109.00. The average target implies an downside of 17.42% from the current price of $152.73. More detailed estimate data can be found on the Dave Inc (DAVE) Forecast page.
Based on the consensus recommendation from 8 brokerage firms, Dave Inc's (DAVE, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Dave Inc (DAVE, Financial) in one year is $35.98, suggesting a downside of 76.44% from the current price of $152.73. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Dave Inc (DAVE) Summary page.
