BUZZ-Dave shares soar after FY forecast lift

Reuters
2024-11-13

** Financial technology co Dave's shares rise 33.7% to $83.98 premarket

** Co now sees FY24 revenue between $340 mln and $343 mln vs prior forecast of $310 mln to $325 mln

** Sees FY24 adj. EBITDA between $71 mln and $74 mln vs prior forecast of $40 mln to $50 mln

** Reports Q3 adj. EPS of $1.51 and revenue of $92.5 mln, both beating analysts' estimates - LSEG

** All seven brokerages covering stock rate it "buy" or higher; median PT is $65

** As of last close, stock up more than 600% YTD

(Reporting by Sanchayaita Roy in Benglauru)

((sanchayaita.roy@thomsonreuters.com))

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