Dave (NASDAQ:DAVE) Shares Drop 6%

Analysts cite concerns over the fintech company's performance and outlook.

Jan. 29, 2026 at 11:15pm

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Shares of Dave Inc. (NASDAQ:DAVE), a Los Angeles-based financial technology company, fell 6% on Tuesday as the stock traded as low as $170.50. Trading volume declined 17% from the average session. Wall Street analysts have issued a mix of 'buy' and 'hold' ratings on the stock, with price targets ranging from $229 to $304.

Why it matters

Dave's stock performance is closely watched as the company is seen as a bellwether for the fintech industry. The stock's decline may signal broader concerns about the company's growth prospects and profitability amid a challenging economic environment.

The details

Several equity analysts have recently weighed in on Dave's stock. Lake Street Capital reaffirmed a 'buy' rating, while Canaccord Genuity Group increased its price target. However, Weiss Ratings downgraded the stock to 'hold', and Zacks Research cut its rating from 'strong-buy' to 'hold'. The company reported earnings of $4.24 per share last quarter, topping estimates, but revenue fell short of expectations.

  • Shares of Dave traded as low as $170.50 on Tuesday, January 30, 2026.
  • The stock had previously closed at $184.06 on the prior trading day.

The players

Dave Inc.

A Los Angeles-based financial technology company founded in 2016 that offers a subscription-based mobile app designed to help consumers avoid overdraft fees, manage their budgets and track expenses.

Jason Wilk

Co-founder and CEO of Dave Inc.

John Wolanin

Co-founder of Dave Inc.

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What they’re saying

“We must not let individuals continue to damage private property in San Francisco.”

— Robert Jenkins, San Francisco resident (San Francisco Chronicle)

“Fifty years is such an accomplishment in San Francisco, especially with the way the city has changed over the years.”

— Gordon Edgar, grocery employee (Instagram)

The takeaway

Dave's stock decline highlights the volatility and uncertainty facing fintech companies as they navigate a shifting economic landscape. Investors will be closely watching the company's next moves to see if it can regain momentum and continue its growth trajectory.