Chime Financial (NASDAQ:CHYM) Given New $43.00 Price Target at The Goldman Sachs Group

Key Points

• Goldman Sachs raised Chime Financial’s price target to $43 from $38 and maintained a Buy rating, implying about 41% upside from the stock’s then-current price of $30.40. Analysts’ consensus rating is Buy, with an average target of $38.89.
• Chime reported Q3 revenue of $718 million, up 32.1% year over year, and EPS of $0.11, beating the $0.09 consensus. The company also raised its annual revenue outlook and forecast Q4 revenue of $757 million to $767 million.
• Insiders sold 16.4 million shares worth about $541 million over the prior 90 days. Chime is targeting completion of its pending Stride transaction in the first half of 2027.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price objective raised by The Goldman Sachs Group from $38.00 to $43.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The brokerage presently has a "buy" rating on the stock. The Goldman Sachs Group's price target would suggest a potential upside of 41.43% from the company's current price.

CHYM has been the subject of several other research reports. KeyCorp increased their price target on shares of Chime Financial from $33.00 to $40.00 and gave the company an "overweight" rating in a research report on Wednesday, September 9th. Piper Sandler boosted their target price on shares of Chime Financial from $35.00 to $40.00 and gave the company an "overweight" rating in a research note on Wednesday, September 9th. Raymond James Financial set a $35.00 target price on shares of Chime Financial in a research report on Thursday, October 8th. BMO Capital Markets lifted their price target on shares of Chime Financial from $28.00 to $32.00 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Finally, Monness Crespi & Hardt assumed coverage on Chime Financial in a research note on Monday, October 26th. They issued a "neutral" rating on the stock. Three equities research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and an average price target of $38.89.

Chime Financial Stock Up 1.8%

Chime Financial stock traded up $0.53 during midday trading on Thursday, hitting $30.40. 4,302,633 shares of the stock were exchanged, compared to its average volume of 5,317,374. Chime Financial has a 52-week low of $15.88 and a 52-week high of $35.55. The business's 50-day moving average price is $30.04 and its 200-day moving average price is $23.85. The stock has a market capitalization of $11.51 billion, a price-to-earnings ratio of -430.90 and a beta of 0.74.

Chime Financial (NASDAQ:CHYM - Get Free Report) last announced its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, topping analysts' consensus estimates of $0.09 by $0.02. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The firm had revenue of $718.00 million for the quarter. During the same quarter in the previous year, the firm earned ($0.15) EPS. Chime Financial's quarterly revenue was up 32.1% on a year-over-year basis. On average, sell-side analysts predict that Chime Financial will post 0.46 earnings per share for the current fiscal year.

Insider Buying and Selling at Chime Financial

In other news, General Counsel Adam B. Frankel sold 102,002 shares of the business's stock in a transaction on Tuesday, September 15th. The shares were sold at an average price of $33.31, for a total transaction of $3,397,686.62. Following the completion of the transaction, the general counsel directly owned 364,828 shares in the company, valued at $12,152,420.68. The trade was a 21.85% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Cynthia Marshall sold 20,000 shares of the business's stock in a transaction on Friday, September 11th. The shares were sold at an average price of $33.09, for a total transaction of $661,800.00. Following the transaction, the director owned 28,548 shares of the company's stock, valued at $944,653.32. This trade represents a 41.20% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 16,432,912 shares of company stock worth $541,335,425 in the last ninety days. Insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Chime Financial

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Spyglass Capital Management LLC boosted its holdings in shares of Chime Financial by 162.6% in the 2nd quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company's stock worth $69,760,000 after purchasing an additional 2,109,057 shares in the last quarter. Arrowstreet Capital Limited Partnership raised its holdings in shares of Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company's stock valued at $51,630,000 after buying an additional 2,658,816 shares in the last quarter. Lunate Capital Ltd purchased a new position in shares of Chime Financial during the 3rd quarter valued at about $48,212,000. Light Street Capital Management LLC lifted its position in Chime Financial by 5.8% in the 2nd quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company's stock worth $45,037,000 after buying an additional 121,474 shares during the last quarter. Finally, Atreides Management LP lifted its position in Chime Financial by 7.9% in the 1st quarter. Atreides Management LP now owns 1,622,734 shares of the company's stock worth $30,394,000 after buying an additional 118,946 shares during the last quarter.

Key Stories Impacting Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Q3 revenue rose 32.1% year over year to $718 million, and adjusted earnings of $0.11 per share beat the $0.09 consensus estimate. Chime also recorded its third consecutive GAAP-profit quarter, according to coverage of the results. Chime Financial Q3 2026 earnings Company earnings results
• Positive Sentiment: Lending growth helped drive the quarter, while robust demand led Chime to raise its annual revenue forecast—an indication that momentum is carrying beyond the reported period. Chime raises annual revenue forecast
• Positive Sentiment: Chime forecast Q4 revenue of $757 million to $767 million, suggesting continued growth after Q3’s acceleration. Chime Q4 revenue forecast and Stride timeline
• Neutral Sentiment: The company is targeting completion of its Stride transaction in the first half of 2027. The deal may offer strategic opportunities, but it remains pending and its eventual impact is uncertain. Chime Q4 revenue forecast and Stride timeline

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime's products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.

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