Piper Sandler initiates Dave at 'overweight' on growth prospects

Dave

17/08/2026 19:07

** Piper Sandler initiates coverage on Neobank fintech platform Dave DAVE.O with an "overweight" rating and sets a PT of $390, which is a 16.6% upside to the stock's last close
** Brokerage says, DAVE's fee-based model and growing portfolio of products position the company to win share within an underserved customer cohort
** DAVE is a low-cost neobank alternative serving the ~185 million “financially vulnerable” Americans who remain underserved by traditional banks, brokerage says
** Adds, its flagship product, ExtraCash, provides cash advances to customers and is underwritten through CashAI, the company's proprietary AI-powered underwriting engine
** 11 of 13 analysts rate stock "strong buy" or "buy" and two "hold"; their median PT is $449.5 - data compiled by LSEG
** Including session's move, stock up 50.4% YTD



 (Reporting by Pragyan Kalita in Bengaluru)
 ((Pragyan.Kalita@thomsonreuters.com;))