Barclays Initiates Coverage on Chime Financial (NASDAQ:CHYM)

Barclays initiated 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.

Other research analysts also recently issued reports about the company. Wall Street Zen upgraded Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Seaport Res Ptn upgraded Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Canaccord Genuity Group began coverage on shares of Chime Financial in a report on Monday. They set a "buy" rating and a $40.00 price objective on the stock. William Blair assumed coverage on shares of Chime Financial in a research note on Monday. They issued an "outperform" rating for the company. Finally, Evercore ISI initiated coverage on shares of Chime Financial in a research note on Monday. They set an "outperform" rating and a $38.00 price target on the stock. Five analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, Chime Financial currently has an average rating of "Moderate Buy" and a consensus price target of $37.83.

Chime Financial Price Performance

NASDAQ:CHYM traded up $0.31 during trading hours on Monday, reaching $31.96. The company's stock had a trading volume of 878,012 shares, compared to its average volume of 4,597,398. Chime Financial has a 12 month low of $28.21 and a 12 month 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.