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Dave Inc. (DAVE) Is a “highly profitable neobank” Platform, Says Keefe, Bruyette & Woods
Yahoo Finance· 2026-02-19 05:01
Core Viewpoint - Dave Inc. (NASDAQ:DAVE) is highlighted as a promising investment opportunity with a significant upside potential, supported by recent analyst coverage and a strong market position in the neobanking sector [1][4]. Group 1: Analyst Ratings and Price Target - Ryan Tomasello at Keefe, Bruyette & Woods initiated coverage of Dave Inc. with an Outperform rating and a price target of $250, indicating a 41.02% upside potential [1]. - William Blair also initiated coverage on Dave Inc. with an Outperform rating, emphasizing the company's innovative approach to banking [4]. Group 2: Company Overview and Market Position - Dave Inc. is a California-based neobank with 13.5 million members, focusing on financially underserved and lower-income consumers [2][5]. - The company offers a key cash advance product, ExtraCash, which is projected to support a revenue growth of 20% over the medium term [2]. - Dave Inc. operates in a total addressable market (TAM) of 185 million accounts, providing short-term and low-balance unsecured loans [4].