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Does DAVE INC (DAVE) Have the Potential to Rally 26.15% as Wall Street Analysts Expect?
DaveDave(US:DAVE) ZACKSยท2024-12-11 15:55

Core Viewpoint - Shares of Dave Inc. (DAVE) have increased by 33.8% in the past four weeks, closing at $84.03, with a mean price target of $106 indicating a potential upside of 26.2% [1] Price Targets - The average price target consists of six estimates ranging from a low of $90 to a high of $119, with a standard deviation of $10.99, suggesting a variability in analyst estimates [2] - The lowest estimate indicates a 7.1% increase from the current price, while the highest suggests a 41.6% upside [2] Analyst Sentiment - There is strong agreement among analysts regarding DAVE's ability to report better earnings than previously predicted, which supports the potential for stock upside [4][9] - The Zacks Consensus Estimate for the current year has risen by 36.8% over the past month, with no negative revisions [10] Zacks Rank - DAVE holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate factors, indicating a strong potential for near-term upside [11] Caution on Price Targets - While price targets are a common metric, they should not be the sole basis for investment decisions due to historical inaccuracies in predicting actual stock price movements [5][8] - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated estimates [6]