Dave (NASDAQ:DAVE) Stock Price Expected to Rise, Canaccord Genuity Group Analyst Says

Dave (NASDAQ:DAVE) had its price target boosted by equities researchers at Canaccord Genuity Group from $274.00 to $328.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the fintech company’s stock. Canaccord Genuity Group’s price target would suggest a potential upside of 55.69% from the stock’s previous close.

A number of other analysts also recently issued reports on the company. B. Riley Financial restated a “buy” rating and issued a $297.00 price target (up from $277.00) on shares of Dave in a research report on Wednesday, November 5th. Citizens Jmp set a $310.00 target price on shares of Dave in a report on Wednesday, November 5th. Citigroup reaffirmed an “outperform” rating on shares of Dave in a research note on Wednesday, November 5th. Benchmark reissued a “buy” rating on shares of Dave in a research report on Tuesday, January 13th. Finally, Keefe, Bruyette & Woods started coverage on shares of Dave in a research note on Monday, February 9th. They issued an “outperform” rating for the company. One investment analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat, Dave currently has an average rating of “Moderate Buy” and an average price target of $312.13.

Dave Price Performance

Shares of NASDAQ DAVE opened at $210.67 on Tuesday. Dave has a 1-year low of $65.46 and a 1-year high of $286.45. The business’s 50 day moving average is $193.72 and its two-hundred day moving average is $206.63. The stock has a market capitalization of $2.84 billion, a P/E ratio of 15.61 and a beta of 3.86.

Dave declared that its Board of Directors has approved a share buyback program on Monday, March 2nd that authorizes the company to buyback $300.00 million in outstanding shares. This buyback authorization authorizes the fintech company to repurchase up to 11.2% of its shares through open market purchases. Shares buyback programs are usually an indication that the company’s board believes its stock is undervalued.

Insider Activity

In related news, Director Imran Khan sold 1,146 shares of the stock in a transaction that occurred on Thursday, December 18th. The stock was sold at an average price of $204.00, for a total value of $233,784.00. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders sold a total of 97,771 shares of company stock valued at $19,194,391 in the last ninety days. 28.48% of the stock is currently owned by insiders.

Institutional Trading of Dave

A number of hedge funds have recently added to or reduced their stakes in DAVE. WealthCollab LLC bought a new position in Dave during the 2nd quarter worth about $30,000. National Bank of Canada FI bought a new position in shares of Dave during the third quarter valued at approximately $30,000. Nisa Investment Advisors LLC increased its holdings in Dave by 4,933.3% during the second quarter. Nisa Investment Advisors LLC now owns 151 shares of the fintech company’s stock valued at $41,000 after buying an additional 148 shares during the period. Blue Trust Inc. increased its holdings in Dave by 106.8% during the fourth quarter. Blue Trust Inc. now owns 153 shares of the fintech company’s stock valued at $34,000 after buying an additional 79 shares during the period. Finally, Kestra Advisory Services LLC bought a new position in Dave in the fourth quarter worth approximately $36,000. 18.01% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting Dave

Here are the key news stories impacting Dave this week:

• Positive Sentiment: Q4 revenue and growth — Dave reported Q4 2025 revenues of $163.7M, up ~62% year-over-year, highlighting high-velocity top-line scaling that supports higher valuation expectations. Zacks: Revenues Surge
• Positive Sentiment: Upgraded guidance — Dave updated FY2026 guidance well above Street estimates (EPS and revenue ranges), which supports upward revisions to earnings models and helped lift sentiment. Guidance Update
• Positive Sentiment: Analyst upgrades and price-target raises — Multiple firms (Canaccord, Keefe Bruyette & Woods, B. Riley, Lake Street) raised price targets and ratings, increasing implied upside and likely attracting buying interest. Benzinga: Analyst Actions
• Positive Sentiment: $300M buyback — The board authorized repurchases up to $300M (≈11.2% of shares), a clear capital-return signal that often supports the share price. RTT News: Buyback
• Neutral Sentiment: Convertible-notes offering with capped calls ($150M) — Dave intends to raise $150M via convertible senior notes due 2031, with proceeds earmarked for capped-call hedges and share repurchases; this funds buybacks but introduces financing complexity and potential future conversion dynamics. GlobeNewswire: Convertible Notes
• Neutral Sentiment: Convertible-notes market activity — Counterparties expect to hedge via derivatives and possible market purchases, which can either lift the stock (buying to hedge) or add volatility depending on timing. QuiverQuant: Notes Details
• Neutral Sentiment: Short-interest data appears unreliable — recent short-interest entries show zeros/NaN and a 0.0-day ratio; treat that dataset cautiously until corrected. (No link; internal data feed.)
• Negative Sentiment: Heavy insider selling — aggregated filings show substantial insider sales by executives over recent months, which can concern investors about near-term insider conviction despite corporate buybacks. QuiverQuant: Insider Activity
• Positive Sentiment: Barrington reaffirmation — Barrington Research reiterated an Outperform rating, adding to the supportive analyst backdrop. AmericanBankingNews: Barrington

About Dave

Dave, Inc is a Los Angeles–based financial technology company founded in 2016 by Jason Wilk and John Wolanin. The company offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses. Through its platform, members receive low-balance alerts, expense categorization and cash-advance capabilities tied to upcoming deposits.

At the core of Dave’s offering is fee-free overdraft protection: eligible users can request small, interest-free advances up to a preset limit, typically repaid on their next paycheck or deposit.