Chime Financial (NASDAQ:CHYM) Now Covered by Analysts at Morgan Stanley

Equities research analysts at Morgan Stanley began coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research report issued to clients and investors on Monday, MarketBeat reports. The firm set an "overweight" rating and a $39.00 price target on the stock. Morgan Stanley's price objective indicates a potential upside of 26.58% from the stock's previous close.

A number of other equities analysts have also recently commented on CHYM. Wall Street Zen raised shares of Chime Financial to a "hold" rating in a report on Saturday, June 21st. JPMorgan Chase & Co. initiated coverage on shares of Chime Financial in a report on Monday. They issued an "overweight" rating and a $40.00 target price on the stock. Barclays initiated coverage on shares of Chime Financial in a report on Monday. They issued an "overweight" rating and a $40.00 target price on the stock. Canaccord Genuity Group initiated coverage on shares of Chime Financial in a report on Monday. They issued a "buy" rating and a $40.00 target price on the stock. Finally, UBS Group initiated coverage on shares of Chime Financial in a report on Monday. They issued a "neutral" rating and a $35.00 target price on the stock. Five investment 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. According to MarketBeat.com, Chime Financial currently has a consensus rating of "Moderate Buy" and an average price target of $37.83.

Chime Financial Stock Performance

Shares of NASDAQ:CHYM traded down $0.22 during trading on Monday, hitting $30.81. 1,119,736 shares of the company were exchanged, compared to its average volume of 4,361,066. Chime Financial has a 12-month low of $28.21 and a 12-month 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.