Chime Financial (NASDAQ:CHYM) Coverage Initiated at Keefe, Bruyette & Woods

Keefe, Bruyette & Woods began coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research report issued to clients and investors on Tuesday, MarketBeat reports. The brokerage set an "outperform" rating and a $42.00 price target on the stock. Keefe, Bruyette & Woods' price target suggests a potential upside of 39.40% from the company's current price.

A number of other brokerages have also issued reports on CHYM. Barclays assumed coverage on shares of Chime Financial in a research report on Monday. They issued an "overweight" rating and a $40.00 target price for the company. UBS Group assumed coverage on shares of Chime Financial in a research report on Monday. They issued a "neutral" rating and a $35.00 target price for the company. Wall Street Zen raised shares of Chime Financial to a "hold" rating in a report on Saturday, June 21st. Canaccord Genuity Group assumed coverage on shares of Chime Financial in a report on Monday. They issued a "buy" rating and a $40.00 price target for the company. Finally, William Blair assumed coverage on shares of Chime Financial in a report on Monday. They issued an "outperform" rating for the company. Five analysts have rated the stock with a hold rating, nine have issued a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $37.83.

Chime Financial Trading Down 2.2%

CHYM traded down $0.68 on Tuesday, reaching $30.13. The company had a trading volume of 3,499,258 shares, compared to its average volume of 3,925,165. 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.