Chime Financial (NASDAQ:CHYM) Price Target Raised to $45.00 at Canaccord Genuity Group

Key Points

• Canaccord Genuity raised Chime Financial’s price target to $45 from $40 and maintained a “buy” rating, implying approximately 44% upside from the reported share price. Other analysts also increased their targets, contributing to a consensus “Moderate Buy” rating.
• Chime reported quarterly EPS of $0.07, beating expectations for a $0.01 loss, while revenue rose 26.8% year over year to $669.77 million. The company also issued stronger revenue guidance for the third quarter and full-year 2026.
• Shares jumped 20.6% to $31.25, although investors should monitor risks including a planned 10% workforce reduction, CFO Matt Newcomb’s departure and continued negative profitability metrics despite recent earnings improvement.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its target price raised by Canaccord Genuity Group from $40.00 to $45.00 in a report released on Thursday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Canaccord Genuity Group's price target points to a potential upside of 44.00% from the stock's current price.

CHYM has been the subject of several other reports. Wolfe Research restated an "outperform" rating and set a $32.00 target price on shares of Chime Financial in a research report on Thursday. Wall Street Zen raised shares of Chime Financial from a "hold" rating to a "buy" rating in a research note on Saturday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Thursday. Piper Sandler lifted their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an "overweight" rating in a research note on Thursday. Finally, B. Riley Financial upped their target price on shares of Chime Financial from $35.00 to $37.00 and gave the stock a "buy" rating in a report on Thursday. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Chime Financial presently has an average rating of "Moderate Buy" and a consensus price target of $30.67.

Chime Financial Trading Up 20.6%

Shares of NASDAQ:CHYM traded up $5.33 on Thursday, reaching $31.25. 34,847,715 shares of the company traded hands, compared to its average volume of 4,895,239. The stock has a market capitalization of $11.91 billion, a P/E ratio of -4.21 and a beta of 0.31. The business's 50-day simple moving average is $20.05 and its 200 day simple moving average is $20.74. Chime Financial has a 52 week low of $15.88 and a 52 week high of $33.99.

Chime Financial (NASDAQ:CHYM - Get Free Report) last issued its earnings results 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 company's revenue was up 26.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($7.29) earnings per share. Sell-side analysts expect that Chime Financial will post 0.3 EPS for the current fiscal year.

Insider Transactions at Chime Financial

In other Chime Financial news, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 226,946 shares of the company's stock, valued at $5,673,650. This represents a 4.22% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Adam B. Frankel sold 3,000 shares of the firm's stock in a transaction dated 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 $5,316,412.50. The trade was a 0.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 16,000 shares of company stock valued at $356,500 over the last ninety days. 12.30% of the stock is currently owned by company insiders.

Institutional Trading of Chime Financial

Several hedge funds have recently modified their holdings of CHYM. EverSource Wealth Advisors LLC acquired a new position in Chime Financial during the 2nd quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in Chime Financial during the second quarter valued at $34,000. PNC Financial Services Group Inc. bought a new position in Chime Financial during the fourth quarter valued at $25,000. Daiwa Securities Group Inc. bought a new position in Chime Financial during the second quarter valued at $40,000. Finally, Osaic Holdings Inc. purchased a new position in shares of Chime Financial in the 2nd quarter worth $45,000.

Chime Financial News Summary

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

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, well above the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Strong user engagement, increased adoption of Chime Prime and momentum in liquidity products helped drive the quarterly performance. Direct-deposit relationships are also supporting Chime’s expanding lending business, giving investors a potential avenue for future revenue growth. Chime Financial Stock Surges After Strong Q2 Beat
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded the approximately $669.5 million consensus estimate. Chime also forecast full-year 2026 revenue of roughly $2.725 billion to $2.745 billion, reflecting continued demand for its digital banking products. Chime 2026 Revenue Forecast
• Positive Sentiment: Analysts broadly raised their targets after the results: Piper Sandler and Keefe, Bruyette & Woods moved to $35, B. Riley raised its target to $37, Goldman Sachs to $33 and Morgan Stanley to $33. These revisions reinforce the improving earnings outlook, although some targets offer limited upside after the stock’s recent advance.
• Neutral Sentiment: Chime plans to reduce its workforce by approximately 10%. The move could improve operating efficiency and margins, but it also signals an effort to control costs and may create execution risks. Chime Workforce Reduction
• Neutral Sentiment: UBS raised its target to $28 but maintained a neutral rating, highlighting that analyst opinion is not uniformly bullish. CFO Matt Newcomb’s planned departure adds another leadership transition for investors to monitor. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares under a pre-arranged Rule 10b5-1 plan. Because the transaction was scheduled in advance and represents only a modest reduction in his holdings, it is a limited bearish signal.

About Chime Financial

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.

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