Chime Financial (NASDAQ:CHYM) Earns Outperform Rating from Analysts at Wolfe Research

Wolfe Research assumed coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research note issued to investors on Monday, Marketbeat.com reports. The firm set an "outperform" rating and a $38.00 price target on the stock. Wolfe Research's target price suggests a potential upside of 18.90% from the stock's previous close.

Several other analysts have also recently commented on the company. Wall Street Zen upgraded Chime Financial to a "hold" rating in a research report on Saturday, June 21st. Evercore ISI assumed coverage on Chime Financial in a research note on Monday. They set an "outperform" rating and a $38.00 target price on the stock. William Blair started coverage on Chime Financial in a report on Monday. They set an "outperform" rating on the stock. Barclays began coverage on Chime Financial in a report on Monday. They issued an "overweight" rating and a $40.00 price objective on the stock. Finally, Seaport Res Ptn upgraded Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Stock Performance

Shares of Chime Financial stock traded up $0.31 on Monday, reaching $31.96. The company's stock had a trading volume of 878,012 shares, compared to its average volume of 4,597,398. Chime Financial has a 52-week low of $28.21 and a 52-week high of $44.94.

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.