Canaccord Genuity Group Begins Coverage on Chime Financial (NASDAQ:CHYM)

Equities research analysts at Canaccord Genuity Group initiated coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research note issued on Monday, MarketBeat.com reports. The brokerage set a "buy" rating and a $40.00 price target on the stock. Canaccord Genuity Group's price objective indicates a potential upside of 29.83% from the stock's current price.

Several other analysts also recently weighed in on the stock. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Compass Point started coverage on Chime Financial in a report on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price target on the stock. Finally, Wall Street Zen raised Chime Financial to a "hold" rating in a report on Saturday, June 21st. 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 company. Based on data from MarketBeat, Chime Financial presently has an average rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Trading Down 0.7%

CHYM stock traded down $0.22 during mid-day trading on Monday, reaching $30.81. The company had a trading volume of 1,119,736 shares, compared to its average volume of 4,361,066. 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.