Lake Street Raises Dave Inc. (DAVE) Price Target to $326, Keeps Buy Rating

Lake Street has increased its price target for Dave Inc. (DAVE) to $326 from $308 and maintained a Buy rating. The firm cites strong liquidity and a $300 million share repurchase program as evidence of a better valuation. Additionally, Dave Inc. announced a private offering of $150 million in Convertible Senior Notes due 2031. The proceeds will be used to finance capped call transactions, buy back common stock, and support other company goals.