Chime Financial (NASDAQ:CHYM) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Chime Financial (NASDAQ:CHYM - Free Report) in a research note released on Monday morning, Marketbeat.com reports. The firm issued an overweight rating and a $40.00 price objective on the stock.

Other equities research analysts have also recently issued reports about the stock. Compass Point started coverage on shares of Chime Financial in a research report on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price target for the company. Wall Street Zen raised shares of Chime Financial to a "hold" rating in a research note on Saturday, June 21st. UBS Group initiated coverage on shares of Chime Financial in a research note on Monday. They issued a "neutral" rating and a $35.00 price objective for the company. Evercore ISI initiated coverage on shares of Chime Financial in a research note on Monday. They issued an "outperform" rating and a $38.00 price objective for the company. Finally, Wolfe Research initiated coverage on shares of Chime Financial in a research note on Monday. They issued an "outperform" rating and a $38.00 price objective for the company. Five equities research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $37.83.

Chime Financial Trading Down 0.7%

Shares of CHYM traded down $0.22 during trading on Monday, reaching $30.81. 1,119,736 shares of the company traded hands, compared to its average volume of 4,361,066. Chime Financial has a twelve month low of $28.21 and a twelve 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.