Dave (DAVE) Surges Over 60% In April Amid Strong Revenue and EBITDA Trends

With a 60.54% gain in April, Dave Inc. (NASDAQ:DAVE) has secured a spot on our list of the mid-cap stocks with the highest gains in April.

On April 10, 2026, as part of a larger Q1 results preview across its fintech coverage, Citizens increased its price target on Dave Inc. (NASDAQ:DAVE) to $335 from $310 while maintaining an “Outperform” rating. The firm agreed that managing sector-wide volatility remains the biggest obstacle, with conditions in some areas of the capital markets stronger than in the broader markets.

Since Dave Inc. (NASDAQ:DAVE) is a consumer fintech with an AI-driven credit model rather than a capital markets-exposed business, it is essentially shielded from the institutional trading dynamics that Citizens pointed out. This framing actually works to Dave’s advantage.

Joseph Vafi of Canaccord boosted his target to $328 from $274 in March, citing outsized growth and margin performance that notably exceeded both Dave Inc. (NASDAQ:DAVE)’s own projection and the fintech industry as a whole. Those numbers may have laid the foundation for April’s surge.

Revenue for the entire year of 2025 increased by 60% to $554 million, while adjusted EBITDA increased by 162% to $227 million at a 41% margin, almost double the initial forecast. With record adjusted EBITDA of $72.3 million at a 45% margin, Q4 alone generated revenue of $163.7 million, up 62% year over year. While CashAI v5.5 significantly reduced delinquency rates, monthly transacting member growth increased for a third straight quarter.

Keefe Bruyette also raised Dave Inc. (NASDAQ:DAVE)’s target from $250 to $295, indicating above-consensus 2026 forecasts of $690–$710 million in revenue and $290–$305 million in adjusted EBITDA.

Dave Inc. (NASDAQ:DAVE) is a fintech company offering banking, budgeting, and small cash advance services through its mobile app to help users manage finances and avoid overdraft fees.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years.

Disclosure: None. Follow Insider Monkey on Google News.