Should I buy Dave stock in 2025?

What is Dave?

How much is the Dave stock?

The price of Dave stock is falling this week. As of now, Dave Inc. (NASDAQ: DAVE) trades at USD 208.32, down 4.07% over the last 24 hours and showing a 4.76% decrease across the past week. The company holds a current market capitalisation of USD 2.90 billion, with an average 3-month daily trading volume of around 501,387 shares.

This high level of volatility means the share price is sensitive to market swings—offering both risk and opportunity for NZ investors closely following U.S. fintech growth stories.

Our full analysis of the Dave stock

Having reviewed Dave Inc.'s most recent quarterly results alongside its market performance over the last three years, our analysis draws on a proprietary blend of financial metrics, technical indicators, market data, and competitive benchmarking. The synthesis of these sources reveals a complex but compelling investment thesis for this high-growth fintech. So, why might Dave stock once again become a strategic entry point into the digital financial services sector for investors in 2025?

Recent Performance and Market Context

Over the past year, Dave Inc. (NASDAQ: DAVE) has delivered headline-grabbing returns, with the stock appreciating a remarkable 367.7% over the span of 12 months, and 111.1% in just the last six months, trading as of 30 May 2025 at USD 208.32. While the short-term saw a modest retracement—down 4.07% intraday on 29 May and 4.76% in the week—this comes after an aggressive run-up and can be viewed as constructive consolidation rather than a reversal.

In Q1 2025, Dave reported results that notably surpassed analyst expectations. Key highlights include a revenue surge of 47% year-over-year to USD 108 million, a blowout adjusted EBITDA of USD 44.2 million (+235% YoY), and a net profit of USD 28.8 million. EPS landed at USD 2.48, dramatically outperforming consensus estimates of USD 0.75—a beat of over 61%, while revenue also beat by an impressive 18%. These results triggered renewed optimism among analysts, validated by upward target price revisions and a consensus now sitting at USD 270.82—a 30% premium to the current price.

From a macroeconomic and sector perspective, Dave rides the widely recognized secular growth tailwinds in fintech and digital financial services. The rapid unbundling of traditional banking, consumer migration to mobile-first platforms, and ongoing regulatory reshaping all underpin a structurally positive environment for nimble digital disruptors. Despite pockets of volatility in broader equity markets, investor confidence in tech-enabled, scalable FinTech models has been particularly robust, especially for companies able to consistently beat expectations and grow market share.

Among positive events, Dave’s recent USD 50 million share buyback authorisation in March 2025 signalled confidence from management regarding long-term value, while their USD 1 million charitable donation in April enhanced the company’s ESG credentials—elements increasingly scrutinised by institutional investors. These deliberate moves reflect both a prudent capital allocation framework and a tangible commitment to social responsibility.

Technical Analysis

A detailed technical study underscores current and developing bullish structures on Dave stock, despite the recent—and arguably healthy—pullback:

• RSI (14 days): At 89.7, RSI suggests the share is in overbought territory. While this can sometimes precede short-term pauses or minor reversals, in momentum-driven growth names, sustained overbought readings often reflect strong institutional accumulation.
• MACD: At 29.04 (on standard 12,26,9 settings), the MACD remains positive—although at levels hinting at a potential consolidation phase after intense upside momentum.
• Moving Averages: All major moving averages (20d at USD 161.79, 50d at USD 116.07, 100d at USD 105.37, 200d at USD 80.82) remain well below current price, supporting the case for a robust uptrend. The so-called “Golden Cross” is confirmed, with shorter-term moving averages above the long-term—a classically bullish technical signal.
• Support/Resistance: Strong support is evident at USD 181.76 and 171.92, with key resistance at 220.34—the recent 52-week high. A break above this pivot could catalyse the next leg higher.
• Momentum Structure: Short- and medium-term structures remain constructive. The steepness of the recent rally suggests buy-the-dip interest at technical supports. The medium-term uptrend is reinforced by both volume and breadth.

Taken together, the technical backdrop points to near-term consolidation within a broader bullish uptrend, with the potential for a new leg higher should resistance levels decisively break.

Fundamental Analysis

Fundamentally, Dave stands out as an archetype of high-growth fintech with several notable attributes:

• Revenue Growth: Sustained 47% YoY revenue growth in Q1 2025, with 40–50% annual growth projected on recent trends. This is especially powerful for a business already operating at scale.
• Profitability: Adjusted EBITDA grew 235% YoY, with net margin expansion and EPS meaningfully outstripping analyst forecasts across multiple quarters.
• Valuation: The stock trades on a forward P/E ratio of 58.52. For context, while this denotes a premium to the market and peer averages, such multiples have historically been justified (and even exceeded) by best-in-class fintech shares achieving sustained, capital-light growth and improving profitability (e.g., market leaders at similar inflection points). Dave’s price/sales ratio and projected PEG suggest that if the high growth trajectory endures, current valuation could appear highly attractive in hindsight.
• Structural Advantages: Dave leads in cash advance solutions and mobile banking, scaling a unique, fee-light model at the expense of slower-moving traditional banks. Their growing brand equity, rapid technology innovation, and user-centric bank-app experience underpin sticky customer expansion and improving margin characteristics.
• Market Position: The company now commands a dominant position among neobanks in its home market, supporting durable competitive advantages in technology, data, and trust.

Strategic expansion continues, with recent launches of enhanced platform features and deepening of their product suite—a trend critical for long-term differentiation and margin expansion.

Volume and Liquidity

Dave’s trading dynamics are robust and indicative of positive sentiment:

• Average daily trading volume sits at 501,387 shares (65-day average), healthy for a USD 2.9 billion market cap and facilitating ease of entry/exit for both institutional and individual investors.
• Float: With 9.47 million shares in the public float of 11.83 million total outstanding, the stock offers sufficient liquidity but retains an element of scarcity, often a recipe for multiple expansion in high-demand phases.
• Implication: Sustained volume, coupled with strong trending price action, is often interpreted by professionals as a vote of market confidence, contributing to the constructive technical setup and dynamic price discovery.

Catalysts and Positive Outlook

Future upside for Dave is well backed by a tangible set of near-term and structural catalysts:

• Product Innovation: Expansion of ExtraCash services and ongoing development of new fee-light financial features positions Dave at the forefront of digital banking innovation.
• User Growth: Aggressive acquisition and retention—fueled by a scalable platform—is set to accelerate top-line growth while simultaneously lowering customer acquisition costs as market leadership grows.
• Geographic Expansion: Indications of international ambitions could unlock untapped addressable markets and diversify revenue streams.
• ESG Initiatives: Recent notable charitable donations reinforce brand affinity and broaden the appeal to socially conscious investor pools, including those in NZ where sustainable investment themes are gaining considerable traction.
• Cash Flow & Buybacks: Emerging positive cash flow, allied with a recently authorized USD 50 million buyback program, provides both downside protection and further upside torque.
• Sector Backdrop: The global trend towards mobile financial services, especially among younger demographics, enhances structural tailwinds—a positive indicator for robust demand growth well into the next cycle.
• Regulatory Context: US and international regulatory frameworks continue to evolve favourably to enable new fintech offerings, potentially lowering compliance friction and opening new service avenues.

These proactive developments add new layers of value creation potential and help establish a high-confidence, multi-year growth runway rarely seen at this maturity level in the fintech space.

Investment Strategies

Dave’s market dynamic offers several angles for considered entry, adaptable to various investor horizons:

• Short-term positioning: Entry proximate to strong technical supports (USD 181–172) offers an attractive risk/reward, capitalizing on benign consolidation and potential upside re-acceleration. Momentum traders may seek confirmation of a reversal or resumption of uptrend at current levels, or on a break above resistance at USD 220.
• Medium-term: Investors focused on next 6–12 months can take comfort from positive earnings triggers, expected continued revenue/EBITDA momentum, and a series of known catalysts (product announcements, buyback execution, potential guidance upgrades).
• Long-term accumulation: For those with a two- to five-year outlook, Dave’s combination of expanding addressable market, scalable business model, and sectoral growth tailwinds supports the view that recent volatility presents an advantageous opportunity to build or increase exposure during periods of healthy consolidation ahead of further secular expansion.

New Zealand investors, in particular, benefit from the global perspective Dave offers, along with its exposure to USD revenues and the thriving US fintech landscape.

Is it the Right Time to Buy Dave?

Dave’s unique blend of robust top-line and bottom-line momentum, innovation-driven expansion, and market leadership clearly underscore why the stock deserves renewed attention in 2025. Despite the premium valuation, the fundamentals justify renewed interest—exceptional revenue and profit growth, decisive beats against consensus, and accelerating structural advantages set the stage for potential further re-rating. Technical indicators point to consolidation in the context of a multi-month uptrend, and both volume and liquidity patterns denote strong market conviction.

As Dave continues to scale its disruptive fintech platform, roll out new products, and cement its position as a digital banking leader, the stock seems poised to enter a new bullish phase. For investors seeking high-growth technology exposure in a sector benefiting from enduring consumer and regulatory tailwinds, Dave appears to represent an excellent opportunity to participate in the next chapter of digital financial innovation.

For those prepared to embrace volatility and take a long-term perspective, Dave stock may well stand at a strategic entry point—one whose upside potential is underscored by both fundamentals and market sentiment. The coming quarters, filled with catalysts and operational milestones, suggest that Dave is a stock to seriously consider adding to the watchlist for 2025 and beyond.

In summary, Dave embodies the kind of high-conviction investment thesis that rewards depth of research and disciplined entry—positioned at the crossroads of fintech innovation and market opportunity.

How to buy Dave stock in New Zealand?

Buying Dave (NASDAQ: DAVE) shares online from New Zealand is simple and secure when using a regulated broker. Whether you’re new or experienced, you can invest in Dave through two main methods: classic spot buying (owning real shares) or trading Contracts for Difference (CFDs), which lets you speculate on price movements without owning the stock. Each approach has its benefits, and choosing the right one depends on your goals and risk appetite. To help you make an informed choice, a detailed broker comparison is available further down the page.

Spot Buying

Spot buying means purchasing actual Dave shares, making you a shareholder in the company. NZ investors can do this through reputable online brokers offering access to the US NASDAQ market. Fees typically include a fixed commission ranging from NZD $3 to $10 per order.

Example

Suppose Dave shares are trading at $208.32 USD (about $334 NZD, exchange rates apply). With a NZD $1,000 stake:
- Brokerage fee: approx. $5 NZD
- Amount available to invest: $995 NZD
- Number of shares you can buy: ≈ 2.98 shares (rounded down to 2 for full shares)

Gain Scenario:
If the share price rises by 10%, your 2 shares increase in value to $733 NZD.
- Initial investment (excluding fee): $668 NZD (2 × $334)
- New value: $733 NZD
- Result: +$65 gross gain, or +10% on your invested amount.

Trading via CFD

CFD trading allows you to speculate on Dave’s share price without actually owning the shares. CFDs are flexible and enable leveraged exposure, potentially amplifying gains (but also losses). Costs include the spread (difference between buy/sell price) and overnight financing if you hold positions beyond a day.

Example

You invest NZD $1,000 and use 5x leverage, giving market exposure of NZD $5,000.
- If Dave’s share price rises by 8%, your position gains 8% × 5 = 40%.
- Gain: $400 on a $1,000 initial stake (excluding spread and financing costs).

Note: Losses are also magnified, so risk management is key.

Final Advice

Before investing, it's crucial to compare broker fees, access to international markets, and trading conditions. Each method—spot buying or CFDs—has distinct advantages, and the best choice depends on your financial goals, risk tolerance, and investment timeframe. For help comparing top brokers in New Zealand, consult our comprehensive comparison tool further down the page and choose the option that matches your profile with confidence.

Our 7 tips for buying Dave stock

The latest news about Dave

Dave delivered outstanding Q1 2025 results, with revenue surging 47% year-on-year and far exceeding analyst expectations. In its most recent quarterly report, Dave Inc. posted $108.0 million in revenue and an adjusted EBITDA of $44.2 million, marking a remarkable 235% year-on-year growth for EBITDA. Net income reached $28.8 million, translating into an EPS of $2.48, which surpassed analysts’ forecasts by 61%. This strong operational performance has reinforced positive sentiment globally, including among institutional investors in New Zealand who are increasingly sensitive to U.S. fintech sector momentum and outperformance against guidance.

Analyst consensus remains firmly bullish, with upwardly revised price targets averaging a 30% premium to current levels. Major U.S. brokerages such as B. Riley, Benchmark, and Barrington have all updated their price objectives in the past week, with targets ranging from $185 to $239 and an average consensus target of $270.82 (roughly 30% above recent close). These positive revisions reflect the market’s optimism for Dave’s growth sustainability, product innovation, and strong earnings progression. For New Zealand-based analysts and fund managers with exposure to global fintech, such updated guidance supports confidence in Dave as a leading momentum stock.

Technical indicators present a robust upward trend, with all key moving averages in strong buy territory and a confirmed golden cross. As of May 30, Dave is trading above all its major moving averages (20, 50, 100, and 200 days), each offering a technical buy signal. Notably, a golden cross has been confirmed—an event regarded as a powerful bullish market signal—indicating sustained strength in price action. For technical traders in New Zealand, these signals exhibit strong near-term momentum, albeit with potential volatility highlighted by a high RSI (89.69) that may warrant caution in timing new entries.

Strategic developments include further platform innovation and planned product expansion, supporting long-term scalability and global relevance. Dave’s recent focus on broadening its suite of digital financial products and continuous investment in platform technology underpin robust scalability, a key factor for international investors. These efforts reinforce the firm’s leadership in fee-free cash advances and mobile banking. In the New Zealand context, ongoing innovation in this segment prefigures future partnership or technology transfer opportunities, especially as consumer and banking trends in Australasia shift towards fintech-led solutions.

The positive Q1 results, ongoing innovation, and strong analyst coverage have attracted institutional interest in global markets, including NZ-based portfolios focused on technology and fintech. With an annualised revenue growth outlook of 40–50% and exemplary business execution, Dave has become increasingly included in tech-focused global equity portfolios managed from New Zealand. The absence of direct operational presence in NZ is offset by the stock’s role as a bellwether for fintech adoption and digital banking transformation, which resonates with local investors seeking diversified exposure to high-growth sectors aligned with global digital finance trends.

FAQ

P. Laurore

Finance expert

Co-founder of HelloSafe and holder of a Master's degree in finance, Pauline has recognised expertise in personal finance, which she uses to help users better understand and optimise their financial choices. At HelloSafe, Pauline plays a key role in designing clear, educational content on savings, investments and personal finance. Passionate about financial education, Pauline strives, with every piece of content she oversees, to provide reliable, transparent and unbiased information for independent and informed financial management. To this end, she has tested over 100 trading platforms to help internet users make the right choices.