Piper Sandler Initiates Coverage on Chime Financial (NASDAQ:CHYM)

Piper Sandler started coverage on shares of Chime Financial (NASDAQ:CHYM - Free Report) in a research note published on Monday, Marketbeat reports. The firm issued an overweight rating and a $40.00 target price on the stock.

Other research analysts have also issued research reports about the stock. Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research note on Monday, June 30th. William Blair began coverage on shares of Chime Financial in a research note on Monday. They set an "outperform" rating on the stock. Compass Point began coverage on shares of Chime Financial in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price target on the stock. Barclays began coverage on shares of Chime Financial in a research note on Monday. They set an "overweight" rating and a $40.00 price target on the stock. Finally, Wolfe Research began coverage on shares of Chime Financial in a research note on Monday. They set an "outperform" rating and a $38.00 price target on the stock. Five research analysts have rated the stock with a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $37.83.

Chime Financial Trading Down 0.7%

Shares of NASDAQ CHYM traded down $0.22 during trading hours on Monday, hitting $30.81. 1,119,736 shares of the stock were exchanged, compared to its average volume of 4,361,066. Chime Financial has a 12 month low of $28.21 and a 12 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.