Strength Seen in DAVE INC (DAVE): Can Its 3.6% Jump Turn into More Strength?

Company Overview - Dave Inc. (DAVE) shares increased by 3.6% to close at $192.06, following a notable trading volume that exceeded typical levels, contrasting with a 5.8% loss over the past four weeks [1] - The rally in DAVE's stock price is attributed to investor confidence in the company's growth trajectory and momentum buying due to strong earnings history and favorable price targets [1] Earnings Expectations - DAVE is projected to report quarterly earnings of $3.19 per share, reflecting a year-over-year increase of 56.4%, with revenues expected to reach $155.53 million, up 54.2% from the same quarter last year [2] - The consensus EPS estimate for DAVE has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - DAVE Inc. is part of the Zacks Technology Services industry, where another company, Coherent (COHR), saw its stock rise by 6.4% to $195.96, with an 8% return over the past month [3] - Coherent's consensus EPS estimate for its upcoming report is $1.21, representing a year-over-year change of 27.4%, and it currently holds a Zacks Rank of 3 (Hold) [4]