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

Stock analysts at Piper Sandler initiated coverage on shares of Chime Financial (NASDAQ:CHYM - Get Free Report) in a research note issued to investors on Monday,Briefing.com Automated Import reports. The brokerage set an "overweight" rating and a $40.00 price target on the stock. Piper Sandler's price target suggests a potential upside of 27.71% from the stock's previous close.

A number of other research firms also recently weighed in on CHYM. Barclays assumed coverage on Chime Financial in a research report on Monday. They set an "overweight" rating and a $40.00 price target on the stock. William Blair began coverage on shares of Chime Financial in a research note on Monday. They set an "outperform" rating on the stock. Wall Street Zen upgraded shares of Chime Financial to a "hold" rating in a research report on Saturday, June 21st. Compass Point initiated coverage on shares of Chime Financial in a research note on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price target for the company. Finally, Wolfe Research initiated 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. Four equities research analysts have rated the stock with a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Chime Financial presently has a consensus rating of "Moderate Buy" and a consensus target price of $37.70.

Chime Financial Trading Up 4.4%

CHYM stock opened at $31.32 on Monday. Chime Financial has a 1-year low of $28.21 and a 1-year 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.

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