Chime Financial (NASDAQ:CHYM) Earns Outperform Rating from Analysts at Evercore ISI

Evercore ISI began coverage on shares of Chime Financial (NASDAQ:CHYM - Free Report) in a research report sent to investors on Monday, MarketBeat reports. The firm issued an outperform rating and a $38.00 price objective on the stock.

A number of other research firms have also recently issued reports on CHYM. Wall Street Zen upgraded Chime Financial to a "hold" rating in a report on Saturday, June 21st. Seaport Res Ptn upgraded Chime Financial to a "strong-buy" rating in a report on Monday, June 30th. Canaccord Genuity Group started coverage on Chime Financial in a report on Monday. They issued a "buy" rating and a $40.00 price objective for the company. Finally, Compass Point started coverage on Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price objective for the company. Five equities research 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. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Stock Performance

Chime Financial stock traded down $0.22 during midday trading on Monday, hitting $30.81. 1,119,736 shares of the company's stock were exchanged, compared to its average volume of 4,361,066. Chime Financial has a 52-week low of $28.21 and a 52-week 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.