Dave Inc (DAVE) stock soared 5.01% in intraday trading on Thursday, as investors piled into the stock driven by its strong recent momentum and robust underlying fundamentals.
The rally continues DAVE's impressive uptrend, with the stock surging 117.4% over the past 12 weeks and nearly doubling with a 93.6% gain over the last four weeks. This strength reflects investors' sustained willingness to pay higher prices, suggesting the upward trend could persist.
Fueling the bullish sentiment are DAVE's compelling fundamentals. The company currently holds a coveted Zacks Rank #1 (Strong Buy) rating, placing it in the top 5% of stocks based on earnings estimate revisions and surprises. Additionally, DAVE carries an Average Broker Recommendation of #1 (Strong Buy), indicating high optimism from analysts about its near-term prospects.
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