Chime Financial (NASDAQ:CHYM) Price Target Raised to $32.00 at BMO Capital Markets

Key Points

• BMO Capital Markets raised Chime Financial’s price target from $28 to $32 and maintained an “outperform” rating, implying 23.46% potential upside. Analysts overall have a consensus “Buy” rating with a $29.76 target.
• Chime reported second-quarter earnings of $0.07 per share, beating expectations for a $0.01 loss, while revenue rose 26.8% year over year to $669.77 million. Management also issued third-quarter revenue guidance of $680 million to $690 million and raised its 2026 growth outlook.
• Investors face some uncertainty from CFO Matt Newcomb’s planned departure, while insiders have sold 16,000 shares worth $356,500 over the past 90 days, including a Rule 10b5-1 sale by the chief accounting officer.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price target boosted by stock analysts at BMO Capital Markets from $28.00 to $32.00 in a report released on Thursday,Benzinga reports. The firm presently has an "outperform" rating on the stock. BMO Capital Markets' target price would suggest a potential upside of 23.46% from the company's current price.

Several other equities analysts have also recently commented on the stock. Barclays started coverage on shares of Chime Financial in a research note on Wednesday, July 8th. They set an "overweight" rating and a $26.00 target price for the company. Wells Fargo & Company boosted their price objective on shares of Chime Financial from $25.00 to $28.00 and gave the stock an "overweight" rating in a report on Thursday, May 7th. Canaccord Genuity Group reaffirmed a "buy" rating and set a $40.00 price objective on shares of Chime Financial in a research report on Friday, July 31st. Weiss Ratings reiterated a "sell (e+)" rating on shares of Chime Financial in a research note on Wednesday, June 3rd. Finally, Texas Capital raised Chime Financial to a "strong-buy" rating in a research report on Tuesday, April 14th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating, three have given a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Buy" and a consensus target price of $29.76.

Chime Financial Stock Up 3.9%

Shares of NASDAQ CHYM opened at $25.92 on Thursday. The business's 50 day moving average is $20.05 and its two-hundred day moving average is $20.74. The company has a market cap of $9.88 billion, a P/E ratio of -3.49 and a beta of 0.31. Chime Financial has a 12 month low of $15.88 and a 12 month high of $33.99.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating the consensus estimate of ($0.01) by $0.08. The company 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%.The firm's revenue was up 26.8% compared to the same quarter last year. During the same period in the prior year, the company posted ($7.29) earnings per share. Sell-side analysts expect that Chime Financial will post 0.3 earnings per share for the current fiscal year.

Insider Activity

In other news, General Counsel Adam B. Frankel sold 3,000 shares of the firm's stock in a transaction that occurred on Monday, June 15th. The shares were 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 owned 303,795 shares of the company's stock, valued at approximately $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Amine Asmerom sold 10,000 shares of Chime Financial stock in a transaction that occurred on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 226,946 shares of the company's stock, valued at $5,673,650. This trade represents a 4.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 16,000 shares of company stock worth $356,500 over the last ninety days. Insiders own 12.30% of the company's stock.

Hedge Funds Weigh In On Chime Financial

Institutional investors and hedge funds have recently bought and sold shares of the business. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter worth about $34,000. PNC Financial Services Group Inc. acquired a new position in shares of Chime Financial during the fourth quarter worth approximately $25,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial during the second quarter valued at approximately $40,000. Finally, Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the second quarter valued at approximately $45,000.

More Chime Financial News

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source