Chime Financial (NASDAQ:CHYM) Given New $35.00 Price Target at Keefe, Bruyette & Woods

Key Points

• Keefe, Bruyette & Woods raised Chime Financial’s price target from $30 to $35 and maintained an “outperform” rating, implying roughly 35% upside from the prior close. Analysts collectively rate the stock “Moderate Buy,” with an average target of $29.76.
• Chime reported stronger-than-expected second-quarter results, earning $0.07 per share versus an expected $0.01 loss, while revenue rose 26.8% year over year to $669.77 million. Management also issued third-quarter revenue guidance above consensus and raised its 2026 growth outlook.
• Despite improving profitability and growth, CFO Matt Newcomb’s planned departure introduces some leadership-transition uncertainty; insiders have also sold 16,000 shares worth $356,500 over the past 90 days.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price objective upped by equities research analysts at Keefe, Bruyette & Woods from $30.00 to $35.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price target would indicate a potential upside of 35.03% from the company's previous close.

A number of other analysts have also recently issued reports on CHYM. Weiss Ratings reissued a "sell (e+)" rating on shares of Chime Financial in a research report on Wednesday, June 3rd. Compass Point raised Chime Financial from a "neutral" rating to a "buy" rating and cut their price target for the stock from $33.00 to $27.00 in a research report on Monday, April 13th. Wolfe Research reiterated an "outperform" rating and issued a $32.00 price objective on shares of Chime Financial in a research note on Thursday. Texas Capital raised Chime Financial to a "strong-buy" rating in a report on Tuesday, April 14th. Finally, Wells Fargo & Company raised their target price on shares of Chime Financial from $25.00 to $28.00 and gave the stock an "overweight" rating in a research report on Thursday, May 7th. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, Chime Financial has a consensus rating of "Moderate Buy" and an average price target of $29.76.

Chime Financial Price Performance

Chime Financial stock opened at $25.92 on Thursday. Chime Financial has a 1-year low of $15.88 and a 1-year high of $33.99. The stock has a market cap of $9.88 billion, a PE ratio of -3.49 and a beta of 0.31. The stock's fifty day moving average is $20.05 and its two-hundred day moving average is $20.74.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.Chime Financial's revenue for the quarter was up 26.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned ($7.29) EPS. On average, research analysts expect that Chime Financial will post 0.3 earnings per share for the current fiscal year.

Insider Activity at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the company's stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the completion of the sale, the general counsel directly owned 303,795 shares of the company's stock, valued at $5,316,412.50. This represents a 0.98% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction that occurred on Tuesday, August 4th. The stock was sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 226,946 shares of the company's stock, valued at $5,673,650. The trade was a 4.22% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 16,000 shares of company stock valued at $356,500. 12.30% of the stock is owned by company insiders.

Hedge Funds Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. EverSource Wealth Advisors LLC purchased a new stake in Chime Financial in the 2nd quarter valued at approximately $33,000. Scopus Asset Management L.P. purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $34,000. PNC Financial Services Group Inc. purchased a new position in shares of Chime Financial during the 4th quarter worth approximately $25,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial in the 2nd quarter valued at approximately $40,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in shares of Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company's stock valued at $37,000 after buying an additional 1,276 shares during the period.

Key Stories Impacting Chime Financial

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, compared with analysts’ expected loss of $0.01 and a loss of $7.29 in the year-ago period. Revenue increased 26.8% year over year to $669.77 million, while the company delivered a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Management issued third-quarter revenue guidance of $680 million to $690 million, above the $669.5 million consensus estimate. The outlook suggests demand is holding up and growth may continue accelerating. Chime Q2 Earnings Metrics
• Positive Sentiment: Chime raised its 2026 revenue-growth forecast, citing robust demand for its digital banking products. Chime Prime, liquidity products, direct-deposit relationships, and new employer partnerships are supporting expansion into lending and additional financial services. Chime Lifts 2026 Revenue Forecast
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares worth $250,000 under a pre-arranged Rule 10b5-1 trading plan. The sale reduced his holdings by 4.22%, but its planned nature limits the bearish interpretation.
• Neutral Sentiment: Unusually heavy options volume indicates elevated investor interest following the earnings release, but it does not provide a clear directional signal. Unusually Large Options Volume
• Negative Sentiment: Longtime Chief Financial Officer Matt Newcomb is stepping down. Although the operating outlook remains strong, the leadership transition could create uncertainty for investors.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.

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