Deutsche Bank Aktiengesellschaft Begins Coverage on Chime Financial (NASDAQ:CHYM)

Analysts at Deutsche Bank Aktiengesellschaft began coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a report released on Thursday, Marketbeat reports. The brokerage set a "hold" rating and a $35.00 price target on the stock. Deutsche Bank Aktiengesellschaft's target price would indicate a potential upside of 10.94% from the company's current price.

CHYM has been the topic of a number of other research reports. 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. Keefe, Bruyette & Woods initiated coverage on Chime Financial in a report on Tuesday, July 8th. They set an "outperform" rating and a $42.00 target price on the stock. UBS Group initiated coverage on Chime Financial in a report on Monday, July 7th. They set a "neutral" rating and a $35.00 target price on the stock. The Goldman Sachs Group initiated coverage on Chime Financial in a report on Monday, July 7th. They set a "neutral" rating and a $34.00 target price on the stock. Finally, Canaccord Genuity Group initiated coverage on Chime Financial in a report on Monday, July 7th. They set a "buy" rating and a $40.00 target price on the stock. Five equities research analysts have rated the stock with a hold rating, nine have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $37.83.

Chime Financial Stock Performance

CHYM traded up $0.04 during midday trading on Thursday, reaching $31.55. 1,505,181 shares of the company were exchanged, compared to its average volume of 2,980,344. Chime Financial has a one year low of $28.21 and a one year high of $44.94.

Institutional Investors Weigh In On Chime Financial

A hedge fund recently bought a new stake in Chime Financial stock. PFG Investments LLC bought a new stake in Chime Financial, Inc. (NASDAQ:CHYM - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The fund bought 10,150 shares of the company's stock, valued at approximately $350,000.

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.