Dave Inc (DAVE) stock witnessed a remarkable surge of 5.73% in the pre-market trading session on Wednesday, fueled by bullish analyst sentiment and optimism surrounding the company's financial technology offerings.
According to Zacks Investment Research, Dave Inc, a fintech firm providing budgeting tools, paycheck advances, and supplemental work opportunities, has been named the "Bull of the Day." This recognition stems from analysts' upward revisions of the company's earnings estimates for the current and upcoming fiscal years.
Analysts now anticipate Dave Inc's earnings per share (EPS) to grow by a staggering 181% this year compared to the previous year, followed by an additional 31% growth projected for the next fiscal year. This impressive growth outlook, coupled with projected revenue increases of 31% and 19% for the respective years, has contributed to the stock's upward momentum.
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