5 Best Stocks That Recently Issued New Debt

2. Dave Inc. (NASDAQ:DAVE)

Dave Inc. (NASDAQ:DAVE) is one of the 10 best stocks that recently issued new debt.

On March 3, Joseph Vafi from Canaccord Genuity maintained his Buy rating on Dave Inc. (NASDAQ:DAVE). The analyst also increased the stock’s target price from $274 to $328, leading to a revised potential upside of almost 85%.

Vafi highlighted strong fourth-quarter and full-year 2025 performance for Dave Inc. (NASDAQ:DAVE), with the company exceeding its own guidance and outperforming the broader fintech sector. He also noted continued strength in user growth and pricing, with increases being absorbed without a meaningful impact on customer retention.

On March 3, Dave Inc. (NASDAQ:DAVE) reported fourth-quarter revenue of $163.7 million, higher than the consensus estimate of $162.28 million. For the third time in a row, the company has seen sales growth of over 60% year over year, signifying another successful quarter.

Founder and Chief Executive Officer Jason Wilk states that the company once again proved the strength of its growth algorithm with year-over-year increases of 36 percent in ARPU and 19 percent in the rate of acceleration of monthly transacting members. Wilk pointed out that the company’s 2.9 million members who transact each month represent only a small fraction of its overall 185 million-customer TAM.

Wilk also stated that the company believes it is still in the early stages of increasing incremental ARPU through enhancements in underwriting, ExtraCash features and pricing, and credit products. This gives the company’s management tremendous confidence in the company’s ability to continue delivering strong growth for many years to come.

Dave Inc. (NASDAQ:DAVE) offers a platform for financial services that includes budgeting, personal finance, and liquidity management. The platform tools notify members of upcoming transactions and recurring charges, based on individual bank account history. The company also offers job application solutions for temporary work.