Chime Financial (NASDAQ:CHYM) Now Covered by The Goldman Sachs Group

The Goldman Sachs Group started coverage on shares of Chime Financial (NASDAQ:CHYM - Free Report) in a research note issued to investors on Monday morning, MarketBeat reports. The firm issued a neutral rating and a $34.00 price target on the stock.

Other equities research analysts have also issued reports about the stock. JPMorgan Chase & Co. assumed coverage on shares of Chime Financial in a research report on Monday. They set an "overweight" rating and a $40.00 target price on the stock. Piper Sandler initiated coverage on shares of Chime Financial in a research report on Monday. They issued an "overweight" rating and a $40.00 price objective on the stock. William Blair initiated coverage on shares of Chime Financial in a research report on Monday. They issued an "outperform" rating on the stock. Morgan Stanley initiated coverage on shares of Chime Financial in a research report on Monday. They issued an "overweight" rating and a $39.00 price objective on the stock. Finally, Seaport Res Ptn upgraded shares of Chime Financial to a "strong-buy" rating in a research report on Monday, June 30th. Five equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $37.83.

Chime Financial Stock Performance

Shares of NASDAQ CHYM traded down $0.22 during trading on Monday, hitting $30.81. 1,119,736 shares of the company were exchanged, compared to its average volume of 4,361,066. 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.