Keefe, Bruyette & Woods Issues Pessimistic Forecast for Chime Financial (NASDAQ:CHYM) Stock Price

Key Points

• Keefe, Bruyette & Woods has cut its price target for Chime Financial (NASDAQ:CHYM) from $42.00 to $35.00, maintaining an "outperform" rating, suggesting a potential upside of 74.83% from the current price.
• Chime Financial reported earnings of ($7.29) per share for the latest quarter, missing analyst expectations of ($4.85), although revenue increased by 37.5% year-over-year.
• The stock is currently trading around $20.02, with a year high of $44.94 and has an average consensus target price of $37.15 based on analyst ratings.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price objective cut by analysts at Keefe, Bruyette & Woods from $42.00 to $35.00 in a research report issued on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the stock. Keefe, Bruyette & Woods' price objective would suggest a potential upside of 74.83% from the company's current price.

CHYM has been the topic of several other research reports. Canaccord Genuity Group reiterated a "buy" rating and issued a $40.00 target price on shares of Chime Financial in a research note on Monday, August 11th. Evercore ISI began coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price target on the stock. Wolfe Research assumed coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price target on the stock. Deutsche Bank Aktiengesellschaft started coverage on Chime Financial in a research note on Thursday, July 17th. They issued a "hold" rating and a $35.00 target price on the stock. Finally, UBS Group upped their price objective on Chime Financial from $35.00 to $37.00 and gave the stock a "neutral" rating in a research report on Friday, August 8th. One research analyst has rated the stock with a Strong Buy rating, ten have given a Buy rating and four have given a Hold rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $37.15.

Chime Financial Trading Down 0.7%

Shares of CHYM traded down $0.15 during midday trading on Wednesday, hitting $20.02. The stock had a trading volume of 1,201,387 shares, compared to its average volume of 3,057,011. Chime Financial has a 1 year low of $19.90 and a 1 year high of $44.94. The company's 50 day moving average is $27.49.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results 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 business had revenue of $528.15 million during the quarter, compared to analyst estimates of $503.88 million. The business's revenue for the quarter 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

A number of institutional investors have recently added to or reduced their stakes in CHYM. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial in the 2nd quarter valued at $33,000. Scopus Asset Management L.P. acquired a new stake in shares of Chime Financial in the second quarter valued at about $34,000. Daiwa Securities Group Inc. purchased a new stake in shares of Chime Financial during the 2nd quarter valued at about $40,000. Osaic Holdings Inc. acquired a new position in Chime Financial during the 2nd quarter worth approximately $45,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in shares of Chime Financial during the second quarter valued at approximately $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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