Chime Financial (NASDAQ:CHYM) Earns Buy Rating from Analysts at Arete

Key Points

• Chime Financial has received a buy rating from Arete with a target price of $34.00, indicating a potential upside of 63.46% from its current price.
• The company reported earnings of ($7.29) per share, missing the consensus estimate by ($2.44), but its revenue grew by 37.5% year-over-year to $528.15 million.
• Several institutional investors have significantly increased their stakes in Chime Financial, including Galileo PTC Ltd, which purchased over $1.8 billion in shares in the second quarter.

Equities research analysts at Arete assumed coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research report issued on Tuesday,Briefing.com Automated Import reports. The brokerage set a "buy" rating and a $34.00 price target on the stock. Arete's target price would indicate a potential upside of 63.46% from the company's current price.

Several other brokerages have also weighed in on CHYM. Compass Point assumed coverage on Chime Financial in a research report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 target price on the stock. Barclays assumed coverage on Chime Financial in a research note on Monday, July 7th. They issued an "overweight" rating and a $40.00 price objective on the stock. JPMorgan Chase & Co. initiated coverage on Chime Financial in a research note on Monday, July 7th. They set an "overweight" rating and a $40.00 target price for the company. Morgan Stanley initiated coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "overweight" rating and a $39.00 target price on the stock. Finally, Wall Street Zen upgraded shares of Chime Financial to a "hold" rating in a report on Saturday, June 21st. One research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $37.69.

Chime Financial Stock Performance

Shares of NASDAQ CHYM opened at $20.80 on Tuesday. Chime Financial has a 1 year low of $20.56 and a 1 year high of $44.94. The stock's 50-day simple moving average is $27.75.

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

Institutional Trading of Chime Financial

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Galileo PTC Ltd bought a new position in Chime Financial during the 2nd quarter worth $1,803,793,000. ICONIQ Capital LLC bought a new position in Chime Financial in the 2nd quarter valued at about $518,844,000. Dragoneer Investment Group LLC bought a new position in Chime Financial in the 2nd quarter valued at about $295,022,000. Orland Properties Ltd bought a new position in Chime Financial in the second quarter valued at approximately $159,093,000. Finally, Scge Management L.P. acquired a new position in Chime Financial during the second quarter valued at approximately $152,563,000.

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.

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