Barclays Initiates Coverage on Chime Financial (NASDAQ:CHYM)

Barclays began coverage on shares of Chime Financial (NASDAQ:CHYM - Free Report) in a research report released on Monday, Marketbeat Ratings reports. The brokerage issued an overweight rating and a $40.00 price target on the stock.

CHYM has been the subject of a number of other research reports. Seaport Res Ptn raised Chime Financial to a "strong-buy" rating in a report on Monday, June 30th. William Blair assumed coverage on Chime Financial in a report on Monday. They issued an "outperform" rating for the company. Wall Street Zen raised Chime Financial to a "hold" rating in a report on Saturday, June 21st. Canaccord Genuity Group assumed coverage on Chime Financial in a report on Monday. They issued a "buy" rating and a $40.00 target price for the company. Finally, Compass Point assumed coverage on Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 target price for the company. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $37.83.

Chime Financial Stock Down 0.7%

CHYM stock traded down $0.22 on Monday, reaching $30.81. 1,119,736 shares of the company traded hands, compared to its average volume of 4,361,066. Chime Financial has a one year low of $28.21 and a one year high of $44.94.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company's model is designed to eliminate common fees and simplify access to basic financial services. Chime does not charge overdraft fees, monthly service fees, or require minimum balances.