Dave shares are trading higher after JMP Securities initiated coverage on the stock with a Market Outperform rating and $70 price target.
Portfolio Pulse from Benzinga Newsdesk
Dave shares are trading higher following JMP Securities' initiation of coverage with a Market Outperform rating and a $70 price target.
April 29, 2024 | 3:35 pm
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Dave shares are experiencing an uptick after JMP Securities initiated coverage with a Market Outperform rating and a $70 price target.
The initiation of coverage by JMP Securities with a positive outlook and a high price target typically instills confidence in investors, leading to an increase in stock price. Given the specific mention of a $70 price target, this suggests a significant upside potential from current levels, which can drive investor interest and buying activity in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100