Dave stock price prediction

Dave Inc.-Dave Stock Price Prediction – 2023, 2025, 2030

Introduction:

Hey investors! If you are in search of Dave stock price prediction or any other, then of course you are on the right page. Here at Atemoney.com, we go through various reliable resources and do extensive research before making any predictions. We make use of advanced AI tools, and for more precise calculations, we use the CAGR technique. Overall, we bring you one of the best predictions on the internet.

About Dave stock

Dave Inc. (the “Company”) (Nasdaq: DAVE, DAVEW), one of the largest neo banks in the United States, announced its financial results for the fourth quarter and full year ended December 31, 2022.

“We had record top-line results during the quarter, met our revenue and margin goals for the year, and cut our losses by a large amount as 2022 came to a close,” said Jason Wilk, the founder, and CEO of Dave. “During the fourth quarter, we cut the cost of getting new customers by 31% and added 543,000 net new members. 

This, along with continued improvements in customer retention, brought the number of monthly-transacting members to almost 2 million.” Our Dave Card business kept growing, and the amount of money spent on debit cards each quarter grew by more than 50% compared to Q4 2021. We think we’re in a good place to carry out our business plan in 2023 and have another year of strong, efficient revenue growth with higher profits.

Dave  Stock Current Price

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Graphical Representation For (DAVE)

Price Graph

Price Change Graph

Dave Stock Price Prediction 

Five analysts have provided price targets for Dave Inc for the next 12 months, with a median target of 7.00 and ranges from 9.00 to 4.00. From the previous price of 5.93, the median estimate is up 18.14%.

According to consensus expert opinion, the average price target for Dave for the next year is $8.00. The consensus estimate for dave ‘s future growth in share price is 30.51%. The top-performing stocks that have been consistently rated by analysts as either a “Strong Buy” or “Strong Sell” may be found in the Analysts’ Top Stocks feature.

The consensus target price for Dave Inc among the 7 analysts providing projections for the next 12 months is 7.00, with the range going from 9.00 to 4.00. Compared to the previous price of $6.12, the median estimate is a price increase of 14.38 percent.

Dave  Stock Prediction – 2023, 2025, 2030

YearMinimum PriceAverage PriceMaximum Price
2023$4$7$10
2024$2.52$4.41$6.3
2025$1.58$2.77$3.9
2026$0.99$1.74$2.4
2027$0.62$1.09$1.5
2028$0.39$0.68$0.94
2029$0.24$0.42$0.59
2030$0.15$0.26$0.37
Table on Dave stock price prediction

All the above-given Dave Stock price prediction forecasts use real-time Dave Stock market data and all data is updated live on our website. This allows us to provide dynamic price predictions based on current market activity.

Dave Stock Price Prediction For Every Upcoming Year

In 2023:

The sum of all 4098 projections is 2366.52%. We have 9 monthly forecasts for Dave stock in 2023, with an average prognosis of $7, a high prediction of $10, and a low estimate of $4. Stocks are expected to decrease by 20% in 2023, according to the average projection for Dave .

In 2024:

There are 12 monthly forecasts made for Dave  stock in 2024, with an average prognosis of $4.41, a high prediction of $6.3, and a low prediction of $2.52. The average Dave stock projection for 2024 projects a loss of 23% as compared to the previous year.

In 2025:

There are 12 forecasts made for each month in 2025 about the price of Dave  stock, with an average prognosis of $2.77, a high forecast of $3.9, and a low forecast of $1.58. The average Dave stock prediction for 2025 is a loss of 25% in comparison to the previous year.

In 2026:

There are 12 forecasts total, one for each month of 2026, for the price of Dave  stock. The average forecast is $1.74, the high estimate is $2.4, and the low forecast is $0.99. This is a 5-year projection. The average Dave stock price prediction for 2026 estimates the stock will decrease in value by 22% from its previous year average value.

In 2027:

There are a total of 12 forecasts for Dave  stock in 2027, one for each month of the year. The average prognosis is $1.09, the high estimate is $1.5, and the low forecast is $0.62. The average Dave stock projection for 2027 estimates a price loss of 22% as compared to the previous year.

In 2028:

There are three forecasts made for each month of 2028 about the price of Dave  stock: an average prognosis of $0.68, a high prediction of $0.94, and a low prediction of $0.39. By looking at the average Dave  stock projection for 2028, we see a price loss of 25% from previous year.

In 2029:

In 2029, the Dave stock price going to be in range $0.24 to $0.59 with an average price being around $0.42. The Dave stock price will continue to sink in this year too.

In 2030:

For 2030, the predictions made for Dave stock is as follows: the minimum price for the stock is going to be around $0.15 whereas the maximum will be $0.37. The average for the Dave stock is predicted to be around $0.26.

Dave  Stock Technical Analysis

The purpose of technical analysis is to find trends and patterns in stock price and volume using charts and other analytical techniques. Technical analysts have faith that stock price and volume data from the past may provide insight into the present and future of the market.

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Stock in Dave, which is currently selling for $5.85 on a volume of 72,981, may be causing institutional investors to cause concern due to its precipitous decrease over the past several months. In February, the company’s board and management failed to position the firm’s money supply to take advantage of market volatility by providing additional value to investors.

Stocks like Dave’s can help shield portfolios from the effects of market volatility, but only if they are part of a diversified portfolio. The current 90-day investment horizon stock returns standard deviation is 3.55 standard deviations. The approaching earnings calls from dave ‘s partners, as well as the general unpredictability of the market, are the primary sources of this higher-than-usual degree of risk.

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Dave Stock Fundamental Analysis

Dave, Inc. is a digital banking service that offers various products to its members. These include a budgeting tool to manage bills, cash advances to prevent overdraft fees, and a modern checking account called Dave Banking. The company is headquartered in California, USA.

Revenue: Dave Inc. reported total revenue of $0.25 million in the third quarter of 2021, compared to $0.12 million in the same period last year. The company is not yet profitable and has been reporting net losses every quarter.

Profitability: Dave Inc. has not yet reported a net profit since its inception. The company has been investing heavily in research and development to advance its drug candidates through clinical trials.

Valuation: Dave Inc.’s market capitalization as of March 1, 2023, was approximately $3.25 billion, with a price-to-sales ratio of 147.55. The company’s price-to-book ratio is 9.73, and its price-to-earnings ratio is not available as the company is not yet profitable.

Financial Health: Dave Inc. had cash and cash equivalents of $767.4 million as of September 30, 2021. The company has been relying on equity financing to fund its operations and has not reported any long-term debt.

Clinical Trials: Dave is currently conducting Phase 3 clinical trials for its lead drug candidate, AK002, for the treatment of eosinophilic gastritis and eosinophilic duodenitis. The company has also completed Phase 2 clinical trials for the treatment of various other allergic and inflammatory diseases.

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Conclusion:-

So, that’s all about the Dave Stock Prediction – 2023, 2025, 2030. Investors should conduct their own research and analysis before making any investment decisions. It’s important to have a look after the risks associated with a digital banking service company like regulatory and compliance risks, competitive landscape, technology and security risks, economic factors, and financial stability. Therefore, investors should consider their investment goals, risk tolerance, and the overall market conditions before making any investment decisions related to Dave stock.

Ultimately, the decision to invest in a particular stock, should be based on careful consideration of all available information and your own personal financial situation and goals.

FAQs (Frequently Asked Questions)

Q1. Is Dave a public company?

Ans:- Yes, it is a public company. Dave went public on NASDAQ via SPAC on Jan 6 2022.

Q2. How do you predict the target price of a stock?

Ans:- One of the most common methods of setting a target price is achieved by first identifying a technical chart pattern. After the pattern is identified, price targets can be set by measuring the height of the pattern and then adding it to (or subtracting it from) the breakout price.

Q3. Is Dave Inc. a good investment?

Ans:- Investing in Dave Inc. is a personal decision based on one’s financial goals and risk tolerance. Its is crucial to conduct extensive research and seek guidance from a financial advisor to make an informed decision.

Q4. What is the current price of Dave Inc. stock?

Ans:- It is $5.33 as on 30 Jun 2023.

Important Note :- Please note that the predictions presented in this article regarding DAVE stock performance are based on analysis conducted by reputable sources and industry experts. These predictions are derived from a combination of extensive research and the utilization of techniques such as Compound Annual Growth Rate (CAGR). While these predictions provide valuable insights, it’s important to remember that the stock market is inherently unpredictable, and actual results may vary. Investors should exercise caution and conduct their own due diligence before making any investment decisions.

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