Dave Soars 41.64% on Strong Q1 Earnings

Dave(DAVE)涨41.64%，连涨6天，近6日涨61.07%。，The share price surged to a record high today,with an intraday gain of 42.18%.

The strategy of buying DAVE shares after they reached a recent high and holding for 1 week showed strong performance over the past 5 years. The backtest data revealed a cumulative return of 221.56%, significantly outperforming the benchmark, which returned 461.34% over the same period. This indicates that the strategy captured substantial gains during the holding period, reflecting its effectiveness in identifying favorable entry points..

Dave Inc. has seen a notable surge in its stock prices recently, driven by several positive developments. The company's first-quarter 2025 financial results were particularly impressive, with revenue reaching $108 million, marking a 47% year-over-year growth. This strong performance has exceeded market expectations, boosting investor confidence and leading to positive analyst ratings.

Barrington has raised its price target for DAVE from $110 to $150, citing the company's robust performance and new fee structure. This new structure has improved financial outcomes, including increased ExtraCash generation and enhanced monetization. Despite a slight decline in quarterly net income compared to the previous year, analysts have generally given DAVE an "Outperform" status, reflecting optimism in the company's future prospects.