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Some of the major Wall Street brokerages have initiated coverage on Riot Platforms, DoorDash and Dave Inc. While Wall Street has taken a bullish stance on these stocks, retail investors are maintaining caution. Let’s take a look at what is keeping retail enthusiasm at bay.1. Riot Platforms: Stifel initiated coverage of Riot Platforms with a ‘Speculative Buy’ rating along with a price target of $18. The analyst forecasted that the firm is headed toward a turning point despite past operational winds. &nbsp;Additionally, the company recently acquired Block Mining Inc, a Kentucky-based vertically integrated Bitcoin miner, for a total value of $92.50 million. The firm believes the acquisition will immediately increase its hash rate, expand its geographic footprint, and provide exposure to additional energy markets outside of ERCOT.Even JPMorgan reportedly said the acquisition made sense given that it brings diversification into the firm’s power supply as well as raises its capacity to over 2 gigawatts.Still, retail sentiment is currently trending in the neutral zone (51/100) as investors await more information from the bitcoin miner's earnings report after the market-close on July 31. Some analysts expect the firm’s revenue and operating income to miss Street estimates.<figure class="image"><a href="https://stocktwits.com/symbol/RIOT"><img style="aspect-ratio:1580/436;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_26_at_1_11_40_PM_c45415b221.png" alt="Retail sentiment trends in the neutral territory for Riot Platforms" width="1580" height="436"></a><figcaption>Retail sentiment trends in the neutral territory for Riot Platforms</figcaption></figure>2. DoorDash: Redburn Atlantic has initiated coverage of DoorDash with a ‘Buy’ rating with a price target of $170. The analyst believes DoorDash is well positioned to report industry-leading, above-consensus volume growth and has multiple levers to reach above-consensus adjusted operating income.Despite the price target offering a potential upside of over 60%, retail investor sentiment is trending in the bearish territory (29/100) supported by high message volume. Investors are maintaining caution on the stock given the fact that the firm had provided a disappointing forecast in the first quarter. It is also noteworthy that many of its peers have turned profitable but the firm, which operates the largest food delivery service in the US, is yet to cross that bridge.3. Dave Inc: Lake Street has initiated coverage of digital banking service Dave Inc with a ‘Buy’ rating and a price target of $53 — leaving a potential upside of 55%. The analyst believes that the company’s short-term ExtraCash advances and mobile banking platform are increasing share in the underserved segments of the market.Following the news, retail sentiment has improved to neutral (47/100) from bearish a day ago.<figure class="image"><img style="aspect-ratio:1576/444;" src="https://st-everywhere-cms-prod.s3.us-east-1.amazonaws.com/Screenshot_2024_07_26_at_1_13_51_PM_9ba557da4c.png" alt="Retail sentiment trends in the neutral zone for Dave Inc" width="1576" height="444"><figcaption>Retail sentiment trends in the neutral zone for Dave Inc</figcaption></figure>Retail investors remain concerned about the Consumer Financial Protection Bureau’s (CFPB) rule proposal that may require some earned wage access (EWA) providers to be subject to federal lending laws. Moreover, they want to see additional quarters of positive net income to prove that the company has firmly crossed the threshold into profitability.Jason Wilk, Founder and CEO of Dave said in a statement that the firm is closely monitoring the proposed interpretive ruling from the CFPB around paycheck advance and EWA, a model which Dave was originally founded on, but transitioned away from beginning in 2022 due to a lack of certainty around the regulations.Photo Courtesy: Unsplash

Wall Street Initiations: Retail Cautious On Riot Platforms, DoorDash, And Dave Inc. Despite Analyst Enthusiasm

Retail investors are neutral on Riot Platforms and Dave Inc but have taken a bearish stance on the US’ largest food delivery service

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Dave to Participate in the FT Partners Equity Research Weekly Forum on March 22nd

LOS ANGELES, March 21, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ( Dave or the Company ) (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that the Company will participate in the...

Dave Reports Record Fourth Quarter and Full Year 2023 Results; Reaches Significant Quarterly Profitability Milestone

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12 titres informatiques en mouvement lors de la pr -ouverture le 05/03/2024

Gagnants
L'action Phunware (NASDAQ:PHUN) a augment mardi de 27,15% 15,78 dollars lors de la session pre-market.
Le titre Dave (NASDAQ:DAVE) a mont de 15,02% 25,19 dollars. D'apr s le communiqu...

Dave to Participate in a Fireside Chat at the Citizens JMP Technology Conference on March 5  in San Francisco

LOS ANGELES, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ( Dave or the Company ) (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that the Company will participate in the...

Dave to Report Fourth Quarter and Full Year 2023 Results on March 5, 2024 at 8:30 a.m. ET

LOS ANGELES, Feb. 20, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ( Dave or the Company ) (Nasdaq: DAVE), one of the nation's leading neobanks, will host a conference call on Tuesday, March 5, 2024 at...

Dave to Participate at the Wolfe Fintech Forum on March 14

LOS ANGELES, Feb. 14, 2024 (GLOBE NEWSWIRE) -- Dave Inc. ( Dave or the Company ) (Nasdaq: DAVE), one of the nation's leading neobanks, today announced that the Company will participate in the...

Dave, Inc. is a digital banking service. Its products include a budgeting tool to help members manage their upcoming bills to avoid overspending, cash advances through its flagship ExtraCash product to help members avoid punitive overdraft fees, a Side Hustle product, where Dave helps connect members with supplemental work opportunities, and Dave Banking, a modern checking account experience with valuable tools for building long-term financial health. The company was founded by Jason Wilk, Paras Chitrakar, and John Wolanin in October 2015 and is headquartered in Los Angeles, CA.

Volume	341,398.00
52-Wk High	$63.50
52-Wk Low	$4.72

DAVE Dave Inc - Ordinary Shares - Class A

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