Dave Inc. reports better-than-expected Q4, snags price target hikes
Small-cap neobank Dave Inc. got an initial pop before paring those gains shortly after market open and falling into the red. It reported better-than-expected Q4 adjusted numbers yesterday after the bell and then collected a few price target hikes from analysts at Canaccord Genuity, Keefe Bruyette & Woods, and B. Riley Securities, but the shares were unable to hold on to the early enthusiasm.
The stock has had a pretty stupendous run, rising 937% in 2024 and 155% last year. Through yesterday’s close, 2026 hasn’t been as much fun, with the shares down 10%.
It does seem like the business has been turning toward steadier profitability, with GAAP net income hitting a quarterly record of $92 million in Q3 and following that up in Q4 with $66 million, up more than 290% from the same quarter last year.
The stock has had a pretty stupendous run, rising 937% in 2024 and 155% last year. Through yesterday’s close, 2026 hasn’t been as much fun, with the shares down 10%.
It does seem like the business has been turning toward steadier profitability, with GAAP net income hitting a quarterly record of $92 million in Q3 and following that up in Q4 with $66 million, up more than 290% from the same quarter last year.
