Lake Street Lifts Dave Price Target to $326 After 62% Q4 Revenue Surge
Lake Street increased Dave Inc’s price target to $326 from $308 and reiterated a Buy rating after Q4 revenue jumped 62% to $163.7M, citing more than $200M in incremental liquidity and a $300M share buyback authorization. Analysts expect 2026 revenues of $128.2M (up 18.7%) and quarterly EPS of $2.72.
1. Price Target Raised
Lake Street boosted its price target for Dave Inc to $326 from $308 while maintaining a Buy rating, highlighting what it considers a mispriced valuation and strong 2026 guidance.
2. Q4 Revenue Surge
Dave delivered Q4 2025 revenues of $163.7 million, reflecting a 62% year-over-year increase driven by rapid customer growth and expanded product adoption across its financial services platform.
3. Buyback and Liquidity
The company authorized a $300 million share buyback program and reported over $200 million in incremental liquidity, reinforcing its balance sheet and supporting future expansion plans.
4. Analyst Outlook
Consensus estimates forecast full-year 2026 revenues of $128.2 million (up 18.7% year-over-year) and quarterly EPS of $2.72, following four consecutive quarters of earnings beats with an average surprise of 54.2%.