Chime Financial (NASDAQ:CHYM) Earns Overweight Rating from Analysts at Piper Sandler

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

CHYM has been the topic of a number of other research reports. Compass Point initiated coverage on shares of Chime Financial in a research note on Wednesday, July 2nd. They set a "neutral" rating and a $33.00 price objective on the stock. Canaccord Genuity Group began coverage on shares of Chime Financial in a research report on Monday. They set a "buy" rating and a $40.00 price target for the company. Barclays began coverage on shares of Chime Financial in a research report on Monday. They set an "overweight" rating and a $40.00 price target for the company. Wolfe Research began coverage on shares of Chime Financial in a research report on Monday. They set an "outperform" rating and a $38.00 price target for the company. Finally, Seaport Res Ptn raised shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Five analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $37.45.

Chime Financial Trading Up 1.1%

Shares of CHYM traded up $0.33 during mid-day trading on Monday, reaching $31.65. 3,206,897 shares of the stock traded hands, compared to its average volume of 4,847,447. Chime Financial has a 12-month low of $28.21 and a 12-month high of $44.94.

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.