Keefe, Bruyette & Woods raised its price target on fintech company Dave Inc. to $485.00 from $340.00. The firm maintained an "outperform" rating on the stock. This new target suggests a potential upside of approximately 20.7% from the company's previous closing price.
Shares of Dave reached a new 52-week high of $409.00 on Monday. This move by Keefe, Bruyette & Woods reflects a broader trend of bullish sentiment from analysts covering Dave. Several other firms also recently increased their price objectives for the company. Dave recently reported quarterly earnings and revenue that surpassed analyst expectations.