Benchmark Raises its Price Target on Dave (DAVE)

Dave Inc. (NASDAQ:DAVE) is one of the 10 Best Performing American Stocks in June 2026.

On July 1, 2026, Benchmark analyst Mark Palmer raised the firm’s price target on Dave Inc. (NASDAQ:DAVE) to $475 from $345 and kept a Buy rating on the shares. Palmer noted that Dave’s share price is up more than 68% year-to-date and said the reasons the stock has decoupled from a fintech group “that the market has spent much of the year selling” are “precisely the reasons” Benchmark believes the stock could have another leg up. Palmer added that the Flex Pay-in-4 card, expected to debut in 2027, should sustain Dave’s momentum.

On June 12, Barrington raised the firm’s price target on Dave to $310 from $290 and kept an Outperform rating on the shares after meeting with management. Barrington said the company’s outlook “remains very positive,” citing Dave’s strategy of acquiring new members, increasing engagement through ExtraCash, and deepening customer relationships with the Dave Card. The firm also said Dave’s large addressable market offers growth opportunities.

On June 10, Dave announced that, effective June 1, 2026, it began transitioning ExtraCash receivables to its strategic funding arrangement with Coastal Community Bank, the wholly owned banking subsidiary of Coastal Financial Corporation (CCB). The arrangement is expected to reduce Dave’s direct funding obligations, lower its cost of capital, and unlock over $200M of liquidity on Dave’s balance sheet once originations are transitioned to Coastal. CEO Jason Wilk called the milestone a “meaningful unlock,” pointing to lower cost of capital, reduced balance sheet exposure, and added liquidity for capital allocation priorities.

Dave Inc. (NASDAQ:DAVE) provides various financial products and services through its financial services platform in the United States.

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