What Happened?
Shares of digital banking platform Dave (NASDAQ: DAVE) jumped 4.8% in the afternoon session after the company continued to draw positive attention from analysts, building on momentum from the previous day. This move followed a rise in the prior session after Benchmark reiterated its "Buy" rating and a $320 price target on the stock. Other financial firms also showed increased confidence, with Freedom Capital Markets lifting its price target to $280 and Citizens JMP increasing its target to $300. These positive actions from analysts came after the digital banking platform reported second-quarter 2025 results that surpassed expectations. The strong financial performance appeared to be the key driver behind the renewed optimism from market observers.
Is now the time to buy Dave? Access our full analysis report here, it’s free.
What Is The Market Telling Us
Dave’s shares are extremely volatile and have had 73 moves greater than 5% over the last year. In that context, today’s move indicates the market considers this news meaningful but not something that would fundamentally change its perception of the business.
The previous big move we wrote about was 1 day ago when the stock gained 1% on the news that Benchmark reiterated its Buy rating and a $320 price target on the company's stock, while other analysts also raised their price targets. The positive analyst actions followed Dave's second-quarter 2025 results, which were reported to have exceeded expectations. Following the strong earnings, Freedom Capital Markets lifted its price target on the stock to $280, while Citizens JMP increased its target to $300. Benchmark's affirmation of its positive view came despite market concerns about potential credit issues, signaling confidence from the firm in the company's financial health and prospects.
Dave is up 142% since the beginning of the year, but at $208.50 per share, it is still trading 26% below its 52-week high of $281.79 from July 2025. Investors who bought $1,000 worth of Dave’s shares at the IPO in April 2021 would now be looking at an investment worth $664.87.
Today’s young investors won’t have read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next.
