Dave looks cheap after earnings, one of the names still growing fast at a low multiple. Plenty still trades below 20x adjusted EBITDA with more than 30% growth, or 30x with more than 40% growth, and Dave fits that screen alongside AppLovin and Celestica, although expectations for all three have been very high. x.com 

Dave's core model is already very profitable, at 44% adjusted EBITDA margins, and simply needs scale in short-term liquidity, one of the largest addressable markets in the US and a need that isn't going away. Members grew 17% and originations 27% while delinquencies improved, all without much expansion into new products. Even 20% revenue growth from here could support a 10x over the next decade. x.com 

Dave has the best valuation among online banking and consumer lending peers such as Affirm, SoFi and Ally, and its large base sets it up for a big breakout: the bigger the base, the bigger the breakout. x.com