Chime Financial, Inc. (NASDAQ:CHYM) Given Average Recommendation of "Moderate Buy" by Analysts

Key Points

• Chime Financial, Inc. has received an average rating of "Moderate Buy" from analysts, with nine buy recommendations and one strong buy out of fourteen analysts covering the firm.
• The stock's average twelve-month price objective is $38.00, with notable ratings including "hold" from Deutsche Bank and "overweight" from Morgan Stanley, both with price targets around $35.00 to $39.00.
• In its latest quarterly earnings, Chime Financial reported a 37.5% year-over-year revenue increase to $528.15 million, although it missed EPS estimates, posting ($7.29) against an expected ($4.85).

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) has earned an average rating of "Moderate Buy" from the fourteen analysts that are presently covering the firm, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $38.00.

Several equities research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft assumed coverage on Chime Financial in a report on Thursday, July 17th. They issued a "hold" rating and a $35.00 price objective on the stock. Evercore ISI assumed coverage on Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price objective on the stock. Morgan Stanley assumed coverage on Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $39.00 price objective on the stock. Wall Street Zen upgraded Chime Financial to a "hold" rating in a report on Saturday, June 21st. Finally, William Blair assumed coverage on Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating on the stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. JPMorgan Chase & Co. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $693,000. Octahedron Capital Management L.P. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $3,451,000. Greenland Capital Management LP bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $1,258,000. Geode Capital Management LLC bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $9,519,000. Finally, SBI Securities Co. Ltd. bought a new stake in shares of Chime Financial in the 2nd quarter worth approximately $217,000.

Chime Financial Price Performance

NASDAQ:CHYM opened at $27.72 on Friday. The stock has a fifty day moving average price of $31.52. Chime Financial has a 1 year low of $26.09 and a 1 year high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($7.29) EPS for the quarter, missing analysts' consensus estimates of ($4.85) by ($2.44). The firm had revenue of $528.15 million during the quarter, compared to analysts' expectations of $503.88 million. Chime Financial's revenue for the quarter was up 37.5% compared to the same quarter last year. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

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.

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