What is the price prediction for dave in 6 months


Aime
Dave's stock price is predicted to experience a moderate increase over the next six months. Here's the analysis to support this conclusion:
- Analyst Ratings and Price Targets:
- Dave has received a Smart Score of 10, which is below its historic median score, indicating higher risk.
- The stock has a P/E ratio of 18.0, which is relatively high, suggesting that the stock may be overvalued based on current earnings.
- Analysts have set a 12-month forecast average price target of $61.17, which is a significant upside from the current price12.
- Historical Performance and Growth Projections:
- Dave has shown significant growth in the past, with a 6-month percentage change of 37.05%4.
- The company has a projected revenue growth rate of 30.84% and a net income growth rate of 128.11%5.
- Technical Indicators:
- The stock's RSI is at 45.3, which is close to the oversold threshold of 30, suggesting that the stock might be oversold and could experience a rebound6.
- The Moving Average Convergence Divergence (MACD) is -1.87, which typically indicates a sell signal6.
- Market Sentiment and Volatility:
- The stock has experienced a significant increase of 452.44% over the last year, which could indicate a potential pullback or consolidation7.
- The Bollinger Bands show a range of (36.75 - 46.83) for a 25-day period and (25.88 - 44.74) for a 100-day period, suggesting that the stock is trading in the lower range and could potentially move towards the higher range7.
- Short-Term Trend and Volatility:
- The stock has fallen by -1.55% compared to the previous week and has shown a 3.63% rise over the last month7.
- The stock's volatility is 5.41%, which is relatively high, indicating that the stock could experience significant price swings in the short term7.
In conclusion, while there is a strong buy consensus among analysts with a 12-month price target that suggests a significant upside, the technical indicators and recent market performance suggest a bearish outlook for Dave's stock price in the next six months. However, the company's growth projections and analyst ratings indicate a positive long-term outlook.
Source:
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Dave (DAVE) Stock Forecast & Price Target
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