Critical Insights From Dave Analyst Ratings: What You Need To Know
In the latest quarter, 9 analysts provided ratings for Dave (NASDAQ:DAVE), showcasing a mix of bullish and bearish perspectives.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 2 | 7 | 0 | 0 | 0 |
| Last 30D | 0 | 1 | 0 | 0 | 0 |
| 1M Ago | 2 | 1 | 0 | 0 | 0 |
| 2M Ago | 0 | 4 | 0 | 0 | 0 |
| 3M Ago | 0 | 1 | 0 | 0 | 0 |
In the assessment of 12-month price targets, analysts unveil insights for Dave, presenting an average target of $61.56, a high estimate of $75.00, and a low estimate of $45.00. Marking an increase of 2.6%, the current average surpasses the previous average price target of $60.00.
Breaking Down Analyst Ratings: A Detailed Examination
The perception of Dave by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Devin Ryan | JMP Securities | Maintains | Market Outperform | $75.00 | $75.00 |
| Jeff Cantwell | Seaport Global | Announces | Buy | $54.00 | - |
| Hal Goetsch | B. Riley Securities | Announces | Buy | $60.00 | - |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $65.00 | $65.00 |
| Gary Prestopino | Barrington Research | Raises | Outperform | $65.00 | $45.00 |
| Devin Ryan | JMP Securities | Raises | Market Outperform | $75.00 | $70.00 |
| Gary Prestopino | Barrington Research | Maintains | Outperform | $45.00 | $45.00 |
| Devin Ryan | JMP Securities | Announces | Market Outperform | $70.00 | - |
| Gary Prestopino | Barrington Research | Announces | Outperform | $45.00 | - |
Key Insights:
- Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Dave. This information provides a snapshot of how analysts perceive the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Dave compared to the broader market.
- Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Dave's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Dave's market position. Stay informed and make well-informed decisions with our Ratings Table.
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Get to Know Dave Better
Dave Inc is a financial services company. It is engaged in offering banking app that offers its customers banking, financial insights, overdraft protection, building credit, and finding side gigs.
Dave: A Financial Overview
Market Capitalization Analysis: Positioned below industry benchmarks, the company's market capitalization faces constraints in size. This could be influenced by factors such as growth expectations or operational capacity.
Revenue Growth: Over the 3 months period, Dave showcased positive performance, achieving a revenue growth rate of 24.95% as of 31 March, 2024. This reflects a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company trails behind with a growth rate lower than the average among peers in the Information Technology sector.
Net Margin: Dave's financial strength is reflected in its exceptional net margin, which exceeds industry averages. With a remarkable net margin of 46.51%, the company showcases strong profitability and effective cost management.
Return on Equity (ROE): Dave's financial strength is reflected in its exceptional ROE, which exceeds industry averages. With a remarkable ROE of 31.95%, the company showcases efficient use of equity capital and strong financial health.
Return on Assets (ROA): Dave's ROA excels beyond industry benchmarks, reaching 12.93%. This signifies efficient management of assets and strong financial health.
Debt Management: Dave's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.6.
The Core of Analyst Ratings: What Every Investor Should Know
Analyst ratings serve as essential indicators of stock performance, provided by experts in banking and financial systems. These specialists diligently analyze company financial statements, participate in conference calls, and engage with insiders to generate quarterly ratings for individual stocks.
Beyond their standard evaluations, some analysts contribute predictions for metrics like growth estimates, earnings, and revenue, furnishing investors with additional guidance. Users of analyst ratings should be mindful that this specialized advice is shaped by human perspectives and may be subject to variability.
This article was generated by Benzinga's automated content engine and reviewed by an editor.