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William Blair Initiates Coverage on Dave (DAVE)

Dave Inc. (NASDAQ:DAVE) is one of the 13 High-Risk High-Reward Growth Stocks to Invest In.

Andrew Jeffery, analyst at William Blair, initiated the firm’s coverage of Dave Inc. (DAVE) on February 9, with an Outperform call. While he did not give a definitive target price, he told investors in a research note that DAVE could disrupt the traditional banking industry, “reimagining the role of financial intermediaries in short-term consumer credit,” by offering short-duration, high-velocity, and low-balance unsecured loans. He estimates that this cash advance product has a total addressable market of 185 million, providing the company with a significant long-term monetization opportunity.

This coverage initiation comes a couple of days after DAVE released a preview of its 4th-quarter results on February 5. According to the release, it grew its operating revenue by 62% YoY to $164 million in Q4 and 60% YoY to $554 million for the full year. Both figures are ahead of management’s most recent guidance from November 2025 of $155 million for Q4 and $546 million for the full year.

Photo by cottonbro studio on Pexels

Adjusted EBITDA showed a similar beat. In Q4, EBITDA reached $73 million (vs. $63 million guidance), implying a growth rate of 118% YoY. For the full year, EBITDA reached $227 million (vs. $217 million guidance), implying a growth rate of 162% YoY.

DAVE also emphasized that its 28-day past-due (DPD) rate for Q4 was between 1.95% and 2.00%, which outperformed the company’s guidance of 2.10%.

Dave Inc. (NASDAQ:DAVE) is a digital bank that provides short-term cash advances through its flagship ExtraCash product. The company is based in Los Angeles, California, and was founded in October 2015 by Jason Wilk, Paras Chitrakar, and John Wolanin.

While we acknowledge the risk and potential of DAVE as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than DAVE and that has 10,000% upside potential, check out our report about this cheapest AI stock.

READ NEXT: 12 Best Cheap Stocks to Buy Right Now and Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy.

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

The $250 Trillion AI Hype is Real. A few years from now, you’ll probably wish you’d bought this stock.

When Jeff Bezos said that one breakthrough technology would shape Amazon’s destiny, even Wall Street’s biggest analysts were caught off guard.

Fast forward a year and Amazon’s new CEO Andy Jassy described generative AI as a “once-in-a-lifetime” technology that is already being used across Amazon to reinvent customer experiences.

At the 8th Future Investment Initiative conference, Elon Musk predicted that by 2040 there would be at least 10 billion humanoid robots, with each priced between $20,000 and $25,000.

Do the math. According to Musk, this technology could be worth $250 trillion by 2040.

Put another way, that’s roughly equal to:

  • 175 Teslas
  • 107 Amazons
  • 140 Metas
  • 84 Googles
  • 65 Microsofts
  • And 55 Nvidias

And here’s the wild part — this $250 trillion wave isn’t tied to one company, but to an entire ecosystem of AI innovators set to reshape the global economy.

It’s a leap so massive, it could reshape how businesses, governments, and consumers operate worldwide.

Even if that $250 trillion figure sounds ambitious, major firms like PwC and McKinsey still see AI unlocking multi-trillion-dollar potential.

How could anything be worth that much?

The answer lies in a breakthrough so powerful it’s redefining how humanity works, learns, and creates.

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  • Bill Gates sees artificial intelligence as the “biggest technological advance in my lifetime,” more transformative than the internet or personal computer, capable of improving healthcare, education, and addressing climate change.
  • Larry Ellison — through Oracle, is spending billions on Nvidia chips and partnering with Cohere to embed generative AI across Oracle’s cloud and apps.
  • Warren Buffett — not known for tech hype — says this breakthrough could have a ‘hugely beneficial social impact.

When billionaires from Silicon Valley to Wall Street line up behind the same idea — you know it’s worth paying attention to.

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