Dave Inc. (NASDAQ: DAVE) Price Target Raised Amid Strong Financial Performance and AI-Driven Growth

Font: Financial Modeling Prep  • Jun 12, 2026

• Analyst firm Barrington increased its price target for Dave Inc. (NASDAQ: DAVE) to $310, representing a potential upside of 7.89% from its previous stock price.
• The digital banking application reported robust first-quarter financial results, with revenue climbing 47% year-over-year and net income surging by an impressive 101%.
• Strategic financial moves, including a partnership with Coastal Community Bank, are set to lower Dave's cost of capital and unlock over $200 million in balance sheet liquidity.

Dave Inc. (NASDAQ: DAVE) is a digital banking application, or neobank, that provides financial tools to everyday Americans. On June 12, 2026, the analyst firm Barrington increased its price target for Dave to $310 from a previous target of $290. This new target represented a potential upside of approximately 7.89% from the stock's price of $287.34 at the time.

This optimistic view follows a significant 49% rally in Dave's stock over the past six months. The momentum is fueled by strong first-quarter financial results. As reported by Seeking Alpha, the company saw its revenue climb 47% year-over-year, while its net income, or profit after all expenses, surged by an impressive 101%.

A key driver of this performance is Dave's proprietary CashAI model. This artificial intelligence technology has improved the company's credit quality, leading to record-low delinquency rates. A delinquency rate measures the percentage of loans with overdue payments. This efficiency also contributes to a low customer acquisition cost of $18 and a high average revenue per user of $212.

Dave is also making strategic changes to its finances. As highlighted by Globenewswire, the company began funding its ExtraCash advances through a partnership with Coastal Community Bank. This move is expected to lower its cost of capital, which is the expense of securing funds, and unlock over $200 million in liquidity on its balance sheet.