Chime Financial (NASDAQ:CHYM) Coverage Initiated at Evercore ISI

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

Other research analysts also recently issued reports about the stock. Seaport Res Ptn raised shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Wall Street Zen upgraded Chime Financial to a "hold" rating in a research note on Saturday, June 21st. Canaccord Genuity Group started coverage on Chime Financial in a research report on Monday. They issued a "buy" rating and a $40.00 target price for the company. Finally, Compass Point started coverage on Chime Financial in a research note on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, eight have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average price target of $37.45.

Chime Financial Stock Performance

Shares of NASDAQ CHYM traded up $0.33 during midday trading on Monday, reaching $31.65. The company's stock had a trading volume of 3,206,897 shares, compared to its average volume of 4,847,447. Chime Financial has a 12-month low of $28.21 and a 12-month 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.