Chime Financial (NASDAQ:CHYM) Shares Up 1.9% - Still a Buy?

Chime Financial, Inc. (NASDAQ:CHYM - Get Free Report) shares traded up 1.9% on Friday . The stock traded as high as $31.51 and last traded at $31.40. 790,004 shares changed hands during trading, a decline of 81% from the average session volume of 4,162,619 shares. The stock had previously closed at $30.81.

Analyst Ratings Changes

A number of equities analysts have commented on the company. Keefe, Bruyette & Woods assumed coverage on Chime Financial in a report on Tuesday. They set an "outperform" rating and a $42.00 target price for the company. Barclays began coverage on shares of Chime Financial in a research note on Monday. They set an "overweight" rating and a $40.00 target price on the stock. Piper Sandler began coverage on Chime Financial in a research note on Monday. They issued an "overweight" rating and a $40.00 price target on the stock. Compass Point assumed coverage on shares of Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price objective on the stock. Finally, Morgan Stanley assumed coverage on Chime Financial in a research report on Monday. They issued an "overweight" rating and a $39.00 target price on the stock. Five investment analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Trading Up 1.1%

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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