Chime Financial (NASDAQ:CHYM) Coverage Initiated by Analysts at Canaccord Genuity Group

Canaccord Genuity Group assumed coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research note issued to investors on Monday,Benzinga reports. The brokerage set a "buy" rating and a $40.00 price target on the stock. Canaccord Genuity Group's target price would indicate a potential upside of 27.71% from the company's current price.

A number of other analysts have also weighed in on CHYM. Compass Point started coverage on shares of Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price target for the company. Wall Street Zen raised Chime Financial to a "hold" rating in a research report on Saturday, June 21st. Finally, Seaport Res Ptn raised shares of Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th.

Chime Financial Trading Up 4.4%

NASDAQ:CHYM opened at $31.32 on Monday. Chime Financial has a 12-month low of $28.21 and a 12-month high of $44.94.

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.

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