Brokerages Set Chime Financial, Inc. (NASDAQ:CHYM) PT at $38.00

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).

Shares of Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) have been assigned a consensus rating of "Moderate Buy" from the fourteen ratings firms that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold recommendation, nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $38.00.

CHYM has been the topic of a number of research analyst reports. Barclays initiated coverage on Chime Financial in a research report on Monday, July 7th. They issued an "overweight" rating and a $40.00 target price on the stock. Piper Sandler assumed coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $40.00 target price for the company. Compass Point assumed coverage on shares of Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 target price for the company. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Finally, William Blair began coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating on the stock.

Chime Financial Stock Performance

CHYM traded up $0.35 during midday trading on Friday, hitting $26.57. 1,926,145 shares of the company were exchanged, compared to its average volume of 2,409,024. Chime Financial has a 1-year low of $26.09 and a 1-year high of $44.94. The business has a 50 day moving average of $31.07.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) earnings per share (EPS) for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The company had revenue of $528.15 million during the quarter, compared to the consensus estimate of $503.88 million. The business's revenue 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.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. PFG Investments LLC bought a new stake in shares of Chime Financial during the 2nd quarter worth about $350,000. Hennessy Advisors Inc. bought a new stake in shares of Chime Financial during the 2nd quarter worth $207,000. MADDEN SECURITIES Corp bought a new stake in Chime Financial in the 2nd quarter valued at $582,000. Board of Trustees of The Leland Stanford Junior University bought a new position in shares of Chime Financial during the 2nd quarter worth about $1,453,000. Finally, Jennison Associates LLC bought a new position in shares of Chime Financial during the 2nd quarter worth about $3,766,000.

Chime Financial Company Profile

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.