The Goldman Sachs Group Lowers Chime Financial (NASDAQ:CHYM) Price Target to $25.00

Key Points

• The Goldman Sachs Group has reduced Chime Financial's price target from **$35.00** to **$25.00**, maintaining a "**neutral**" rating on the stock.
• Chime Financial's earnings report revealed a **miss** in EPS, reporting **($7.29)** compared to an anticipated **($4.85)**, although revenue increased **37.5%** year-over-year.
• Current analysts' ratings for Chime Financial include two "**Strong Buy**," ten "**Buy**," four "**Hold**," and one "**Sell**," with a consensus target price of **$36.46**.

Chime Financial (NASDAQ:CHYM - Get Free Report) had its price objective decreased by The Goldman Sachs Group from $35.00 to $25.00 in a note issued to investors on Monday,Benzinga reports. The brokerage currently has a "neutral" rating on the stock. The Goldman Sachs Group's price target would indicate a potential upside of 27.23% from the stock's current price.

A number of other equities analysts have also weighed in on the company. Wolfe Research started coverage on Chime Financial in a research report on Monday, July 7th. They issued an "outperform" rating and a $38.00 price target for the company. Wall Street Zen upgraded shares of Chime Financial to a "hold" rating in a research report on Saturday, June 21st. Compass Point started coverage on Chime Financial in a report on Wednesday, July 2nd. They issued a "neutral" rating and a $33.00 price objective on the stock. Canaccord Genuity Group reissued a "buy" rating and set a $40.00 target price on shares of Chime Financial in a research report on Monday, August 11th. Finally, Deutsche Bank Aktiengesellschaft assumed coverage on Chime Financial in a research report on Thursday, July 17th. They issued a "hold" rating and a $35.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, ten have issued a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Chime Financial has a consensus rating of "Moderate Buy" and an average target price of $36.46.

Chime Financial Stock Performance

CHYM stock traded up $0.08 during trading on Monday, reaching $19.65. 1,243,797 shares of the company's stock were exchanged, compared to its average volume of 3,012,589. Chime Financial has a 1-year low of $19.26 and a 1-year high of $44.94. The company has a fifty day simple moving average of $25.34.

Chime Financial (NASDAQ:CHYM - Get Free Report) last released its earnings results on Thursday, August 7th. The company reported ($7.29) EPS for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The business had revenue of $528.15 million for the quarter, compared to analysts' expectations of $503.88 million. The business's revenue 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 Inflows and Outflows

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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.