Chime Financial (NASDAQ:CHYM) Raised to Strong-Buy at Arete Research

Key Points

• Chime Financial has been upgraded to a "strong-buy" rating by Arete Research, indicating increased confidence from analysts in the company's stock prospects.
• The company reported a revenue of $528.15 million for the last quarter, exceeding analysts' expectations, although it reported a larger loss per share than anticipated.
• Chime Financial currently has an average price target of $37.15, with a mix of ratings from various analysts, including two strong buys, ten buys, and four holds.

Chime Financial (NASDAQ:CHYM - Get Free Report) was upgraded by analysts at Arete Research to a "strong-buy" rating in a report issued on Tuesday,Zacks.com reports.

A number of other equities research analysts have also issued reports on CHYM. Compass Point began coverage on shares of Chime Financial in a report on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 target price on the stock. William Blair reiterated an "outperform" rating on shares of Chime Financial in a report on Tuesday. Barclays began coverage on shares of Chime Financial in a report on Monday, July 7th. They set an "overweight" rating and a $40.00 target price on the stock. Morgan Stanley assumed coverage on shares of Chime Financial in a report on Monday, July 7th. They set an "overweight" rating and a $39.00 target price on the stock. Finally, UBS Group raised their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the company a "neutral" rating in a report on Friday, August 8th. Two research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, Chime Financial presently has an average rating of "Moderate Buy" and an average price target of $37.15.

Chime Financial Price Performance

Chime Financial stock opened at $20.00 on Tuesday. The company has a 50 day moving average price of $27.17. Chime Financial has a 1-year low of $19.85 and a 1-year high of $44.94.

Chime Financial (NASDAQ:CHYM - Get Free Report) last posted its quarterly earnings data on Thursday, August 7th. The company reported ($7.29) earnings per share for the quarter, missing analysts' consensus estimates of ($4.85) by ($2.44). The company had revenue of $528.15 million for the quarter, compared to analysts' expectations of $503.88 million. Chime Financial's revenue was up 37.5% on a year-over-year basis. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Investors Weigh In On Chime Financial

Hedge funds and other institutional investors have recently bought and sold shares of the stock. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial during the 2nd quarter worth $33,000. Scopus Asset Management L.P. acquired a new stake in Chime Financial during the 2nd quarter worth $34,000. Daiwa Securities Group Inc. purchased a new position in Chime Financial during the 2nd quarter worth $40,000. Osaic Holdings Inc. purchased a new position in Chime Financial during the 2nd quarter worth $45,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in Chime Financial during the 2nd quarter worth $113,000.

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.

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