Mobile banking app Dave hits over 3-year high after Benchmark lifts PT to Street high

Shares of digital banking service Dave DAVE.O jump as much as 12.3%, hitting highest since March 2022

Benchmark lifts PT on DAVE to $320 from $229, the highest on Wall Street, according to data compiled by LSEG

New PT represents 28.2% upside to stock's last close

Brokerage raises estimate for FY26 revenue to $561.7 million from $542.5 million, given increased conviction regarding the sustainability and resilience of demand for DAVE's offerings

DAVE has been able to keep customer acquisition costs very low while posting strong revenue growth - brokerage

Benchmark reiterates "buy" rating on DAVE, adding the firm still continues to trail the valuations of its closest peers in the fintech lending space

All eight brokerages, covering DAVE, rate stock "buy" or higher; with a median PT $201.50

As of last close, DAVE up 187.2% YTD