B. Riley Raises Price Target for DAVE, Keeps Buy Rating

Dave Inc. (NASDAQ:DAVE) is one of the 12 Best Performing Stocks in the Last 6 Months. On July 29, B. Riley increased its price target for Dave Inc. (NASDAQ:DAVE) from $239 to $277 while keeping a “Buy” rating.

According to the research firm, Dave Inc. (NASDAQ:DAVE) is in a strong position to benefit from neo-banking adoption, which continues to grow.

B. Riley Raises Price Target for DAVE, Keeps Buy Rating

A customer using the personal financial management tool to navigate their finances.

B. Riley’s analyst Hal Goetsch told investors in a research note that the shares are “far too cheap” for a company like Dave Inc. (NASDAQ:DAVE), which has become a rapidly growing and scaling fintech business.

Dave Inc. (NASDAQ:DAVE) is a leading US neobank and fintech company that uses disruptive technologies to provide best-in-class banking services at much lower costs than traditional banks. The company offers services like ExtraCash advances, budgeting tools, job search assistance, and a digital checking account.

While we acknowledge the potential of DAVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than DAVE and that has a 100x upside potential, check out our report about the cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.