Benchmark Keeps Buy Rating on DAVE Following Investor Meeting

Dave Inc. (NASDAQ:DAVE) is one of the 10 Hot Mid Cap Stocks to Buy Now. On August 20, Benchmark reaffirmed its Buy rating for Dave Inc. (NASDAQ:DAVE) with a $320 price target.

This decision came after a Benchmark-hosted investor meeting with Dave Inc.’s (NASDAQ:DAVE) Chief Executive Officer, Jason Wilk, and Chief Financial Officer, Kyle Beilman.

From the meeting, Benchmark received clarity regarding why Dave Inc.’s (NASDAQ:DAVE) 28-day delinquencies increased in the second quarter of 2025. The research firm indicated that this had overshadowed the company’s overall performance.

Benchmark pointed out that this increase in delinquency “obscured a remarkably strong operating performance across almost every metric” for the second quarter.

Additionally, Benchmark analysts noted that the investor meeting provided insights into Dave Inc.’s (NASDAQ:DAVE) operating strategy and plans for growth following the release of its financial results for Q2 2025.

Dave Inc. (NASDAQ:DAVE) is a leading US neobank and fintech company that provides banking services at much lower costs than traditional banks. The company offers a range of services including ExtraCash advances, budgeting tools, job search assistance, and a digital checking account.

While we acknowledge the potential of DAVE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.