Skip to main content
SellModerate Confidence
Investment thesis

An elite-quality franchise — wide economic moat, 47% revenue growth, a Rule of 40 score of 61, and three consecutive large earnings beats averaging roughly 40% positive surprise — has compounded to its current resistance level, where the stock has reached its near-term target with essentially no remaining price headroom and 19% of the float sold short, creating a high-conviction hold setup rather than a new-entry opportunity.

Thesis pillars

  • Exceptional Revenue Growth Trajectory→Stable
  • Counterparty Concentration Banking Partners↓Deteriorating
  • Wide Moat Elite Quality Franchise→Stable
  • +2 more pillars — see the Why tab for full reasoning

Pillars as of Jul 3, 2026, based on the 10-K filed Mar 2, 2026

Full reasoning →

Open full analysis

Dave Inc. (DAVE) Stock Analysis

Temporary headwind edge

SellGrowthQualityModerate Confidence

Technology · Software - Application

Earnings in 6 days (2026-11-04). Expect elevated volatility around the report — consider waiting for post-earnings price action before new entries.

Sell if holding. Engine safety override at $322.69: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 7.1/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 21%; Negative price momentum.

Dave Inc. is a U.S. neobank offering ExtraCash (up to $500 discretionary overdraft via bank partners), a fee-free Dave Checking account, and personal financial management tools to financially underserved Americans. Revenue comes from a mandatory 5% ExtraCash service fee, a... Read more

$322.69+20.0% A.UpsideScore 7.1/10#2 of 116 Software - Application
QualityF-score8 / 9FCF yield4.06%
Stop $307.60Analyst target $387.21(−13% haircut)A.R:R 1.6:1
Analyst consensus$445.07+37.9%14 analysts
$387.21Analyst target
$322.69price
$445.07mean
$500

Sell if holding. Engine safety override at $322.69: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 7.1/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 21%; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Score 7.1/10, moderate confidence.

Passes 6/8 gates (favorable risk/reward ratio, clean insider activity, no SEC red flags, news events none recent, semi cycle peak clear, materials cycle peak clear). Fails on weak momentum and earnings proximity 6d<=7d. Suitability: aggressive.

10-K grounded · weekly refresh

About Dave Inc.

About Dave Inc.

Dave's mobile-first financial platform had over 19 million Member sign-ups since inception, with over 14 million having used at least one product and over $22 billion in cumulative ExtraCash disbursed through December 2025. The company employed approximately 280 full-time employees and maintained a virtual-first model across more than 30 states. ExtraCash delivers up to $500 per advance with no credit check, powered by the CashAI underwriting engine trained on over 180 million originations.

Dave generates revenue through three streams: a mandatory 5% ExtraCash service fee (minimum $5, introduced February 2025 after eliminating optional tips), a $3 monthly membership fee for new Members implemented in mid-2025, and merchant interchange plus Mastercard network incentives from the Dave Debit Card. ExtraCash advances settle against the Member's forecasted next paycheck—averaging roughly 11 days—and are originated by bank partners Evolve Bank & Trust (currently processing the substantial majority of accounts) and Coastal Community Bank (the exclusive partner for new Members since Q4 2025, with full transition targeted by end of 2026). All transactions are processed by Galileo Financial Technologies under a multi-year agreement. Dave competes with Chime, Earnin, MoneyLion, and Brigit for the earned wage access and neobank markets.

Show full overview

Dave's two-bank arrangement carries material regulatory risk. Evolve Bank & Trust, through which the substantial majority of ExtraCash originations currently flow, was placed under a Federal Reserve Board consent order in June 2024, limiting certain operations. Dave is subject to Consumer Financial Protection Bureau oversight under Title X of the Dodd-Frank Act, and state attorneys general retain parallel civil enforcement authority. The filing notes that Dave believes no current business line requires state licensing, yet regulators may in the future impose licensing requirements that could materially alter the company's revenue model.

See also: Technology · Software - Application

From Dave Inc.'s most recent 10-K filing, extracted June 9, 2026.

news + 30-day 8-K events · 5-min refresh

Recent developments

updated 2026-10-29
TrendMatrix Research · upcoming catalyst calendar

Upcoming dated catalysts

Wed, Nov 4, 20266d to earnings· next earnings call

Thesis

Rewards
No bull case signals
Risks
Concentration risk — Counterparty: Evolve Bank & Trust
Concentration risk — Counterparty: Coastal Community Bank
Risk below floor (2.9 < 3.0)

Key Metrics

P/E (TTM)20.8
P/E (Fwd)14.5
Mkt Cap$4.1B
EV/EBITDA17.8
Profit Mgn34.6%
ROE104.8%
Rev Growth29.6%
Beta3.93
DividendNone
Rating analysts21

Quality Signals

Piotroski F8/9MoatWideCompounder✓

Options Flow

P/C1.28bearish
IV104%elevated
Max Pain$200-38.0% vs spot

Concentration Risks(10-K Item 1A)

  • HIGHcounterpartyEvolve Bank & Trust
    10-K Item 1A: 'the substantial majority of our Members' accounts are with Evolve ... reliant on Evolve for the substantial majority of our ExtraCash originations'
  • HIGHcounterpartyCoastal Community Bank
    10-K Item 1: 'Coastal will be Dave's sole and exclusive provider of the program features contemplated by the Program Agreement for new customers'
  • HIGHcounterpartyGalileo Financial Technologies
    10-K Item 1: 'Galileo processes all transactions for ExtraCash, Dave Checking accounts, and Dave Debit Cards'

Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. How we score · Editorial policy

Show full disclosure ▾

About TrendMatrix. TrendMatrix is a publisher of general securities research and market commentary. We publish on a regular schedule. All content is the same for every subscriber in a tier — we do not provide personalized investment advice and we do not take into account any individual subscriber's financial situation, investment objectives, risk tolerance, tax situation, or holdings.

Not investment advice. TrendMatrix is not a registered investment adviser. Our content is for informational and educational purposes only. Consult your own licensed investment adviser, broker, or tax professional before making any investment decision.

Conflicts and positions. People who build TrendMatrix, or entities they control, may hold positions, long or short, in securities it covers, and may trade them at any time. Positions are not disclosed individually. Verdicts are generated by an automated model applied by the same rules to every covered stock, and are not adjusted for any position held by the people who build TrendMatrix. We do not accept payment from issuers for coverage.

No paid promotion. TrendMatrix does not accept payment from any issuer, broker, or third party in exchange for coverage of any security.

No fiduciary duty. No fiduciary, advisory, or agency relationship is created between you and TrendMatrix by reading our content or subscribing to our service.

Performance. Past performance is not indicative of future results. Performance figures reflect the published model only and do not reflect any individual subscriber's actual results.

Methodology · Editorial policy & full disclaimer

Rating Breakdown

2 floor-breakers·2 ceiling hits

Momentum below the gate floor. Component breakdown shows what dragged the score down.static

Macd
0.0
Obv
1.0
Volume
1.5
Ma Position
4.0
Rsi
7.6
Uptrend pullback (RSI 39) - buy opportunityVolume distribution (falling OBV)Above 200-day MA

Volatile — 6.2% daily ATR makes tight stops impractical. Position-size conservatively.static

Volatility
0.0
Implied Vol
0.0
Beta
0.0
Days To Cover
2.2
Max Pain Risk
3.0
Debt Equity
4.4
Put Call
4.8
Short Interest
8.9
Short squeeze setup: 21% short, quality 7.5High IV: 104%Above max pain $200Concentration risks: 3 HIGH (10-K Item 1A — sized via position_sizing, validated via buy_confidence)
GatesMomentum 2.8<4.5EARNINGS PROXIMITY 6d<=7dA.R:R 1.6 ≥ 1.5Insider activity: OKNo SEC red flagsNEWS EVENTS NONE RECENTSEMI CYCLE PEAK CLEARMATERIALS CYCLE PEAK CLEARSuitability: Aggressive
RSI
39 · Neutral
↓ 20D MA↓ 50D MA↑ 200D MAGOLDEN CROSSSupport $317.11Resistance $385.00

Price Targets

$308
$387
A.Upside+20.0%
A.R:R1.6:1

Position Sizing

ConvictionNone
Suggested %0%
Max %0%
RegimeSteady

Risk Alerts

! Risk below floor (2.9 < 3.0)
! momentum at 2.8 (below the engine's 4.5 threshold)
! EARNINGS_PROXIMITY:6d<=7d

Earnings

B
B
B
M
3/4 beats
Next Earnings2026-11-04 (6d)

Verdict History

reverse chrono — latest first
Loading history...
Verdicts are recorded on every nightly pipeline run. Rows capture transitions (verdict flips, score deltas ≥0.3, entry/TP/SL changes). Rows with a ▶ can be expanded to see the change reason. Aggregate cohort performance is tracked in the recommendation ledger.
Frequently Asked Questions
Is DAVE stock a buy right now?

Sell if holding. Engine safety override at $322.69: a dimension score below its floor triggers a hard block regardless of the otherwise-positive setup — overall score 7.1/10 and A.R:R 1.6:1 is above the 1.5:1 BUY gate. Specifically: High short interest: 21%; Negative price momentum. Chart setup: No clear chart pattern; technical signals are mixed. Prior stop was $307.60. Score 7.1/10, moderate confidence.

What is the DAVE stock price target?

Analyst target: $387.21 (+20.0% upside). Prior stop was $307.60. Stop-loss: $307.60.

What are the risks of investing in DAVE?

Concentration risk — Counterparty: Evolve Bank & Trust; Concentration risk — Counterparty: Coastal Community Bank; Risk below floor (2.9 < 3.0).

Is DAVE overvalued or undervalued?

Dave Inc. trades at a P/E of 20.8 (forward 14.5). TrendMatrix value score: 6.9/10. Verdict: Sell.

What do analysts say about DAVE?

21 analysts cover DAVE with a consensus score of 4.0/5. Average price target: $445.

What does Dave Inc. do?Dave Inc. is a U.S. neobank offering ExtraCash (up to $500 discretionary overdraft via bank partners), a fee-free Dave...

Dave Inc. is a U.S. neobank offering ExtraCash (up to $500 discretionary overdraft via bank partners), a fee-free Dave Checking account, and personal financial management tools to financially underserved Americans. Revenue comes from a mandatory 5% ExtraCash service fee, a $3/month membership fee, and merchant interchange on the Dave Debit Card.

Related stocks: HKD (AMTD Digital Inc.) · VTEX (VTEX) · ADEA (Adeia Inc.) · FICO (Fair Isaac Corporation) · GRND (Grindr Inc.)
Home › Stocks › DAVE

Latest news

Latest News

Marketwatch.com29d ago
MarketBeat29d ago
Yahoo Finance92d agoEarnings
MarketBeat92d agoEarnings
Investor's Business Daily183d ago
MarketWatch14h ago
MarketBeat1d agoEarnings
Moomoo155d ago
GuruFocus155d agoAnalyst
AOL.com155d ago
Marketscreener.com155d agoAnalyst
GuruFocus64d ago
Qz.com64d ago
Mshale64d ago
Qz.com64d ago
TipRanks127d ago
Yahoo Finance127d agoAnalyst
Investing.com127d ago
AlphaStreet36d ago
News.alphastreet.com36d ago
Loading more...