Dave shares soar after FY forecast lift

Dave

13/11/2024 14:05

** Financial technology co Dave's  DAVE.O  shares rise 33.7%
to $83.98 premarket
    ** Co now sees FY24 revenue between $340 mln and $343 mln vs
prior forecast of $310 mln to $325 mln
    ** Sees FY24 adj. EBITDA between $71 mln and $74 mln vs
prior forecast of $40 mln to $50 mln
    ** Reports Q3 adj. EPS of $1.51 and revenue of $92.5 mln,
both beating analysts' estimates - LSEG
    ** All seven brokerages covering stock rate it "buy" or
higher; median PT is $65
    ** As of last close, stock up more than 600% YTD


 (Reporting by Sanchayaita Roy in Benglauru)
 ((sanchayaita.roy@thomsonreuters.com))