5 Cheap Rising Stocks to Buy Now

4. Dave Inc. (NASDAQ:DAVE)

Forward P/E: 14.73

1-Month Performance: 26.71%

Upside Potential: 49.89%

Number of Hedge Fund Holders: 56

Dave Inc. (NASDAQ:DAVE) is one of the cheap rising stocks to buy now. On March 13, William Blair reiterated an Outperform rating on Dave Inc (NASDAQ:DAVE) following a meeting with the company’s CFO, Kyle Beilman.

The research firm remains confident in the company’s outlook, as it has differentiated itself through a data-driven, algorithmic, credit-first approach. Its solutions address a total addressable market of 185 million accounts.

Consequently, the research firm expects the company to achieve mid- to high-20% organic growth, driven by existing and new products. The growth would be driven by low double-digit member growth and mid-teens average revenue per user compounding.

Earlier, on March 10 at the Wolfe FinTech Forum, Dave outlined its ambitious plans for 2026. The company is pushing for significant revenue growth and emphasizing its focus on AI-driven innovation and customer engagement.

Last year, revenue was up 60% year over year to $550 million, and the company plans to achieve 25% to 28% revenue growth in 2026 amid heightened focus on AI and new product launches.

Dave Inc. (NASDAQ:DAVE) is a U.S.-based financial technology (fintech) company and digital-first neobank that offers banking services, cash advances, and financial management tools to replace traditional overdraft fees.