Chime Financial (NASDAQ:CHYM) Price Target Raised to $50.00

Chime Financial (NASDAQ:CHYM) had its price objective upped by Canaccord Genuity Group from $45.00 to $50.00 in a report published on Wednesday morning,Benzinga reports. They currently have a buy rating on the stock.

Other equities analysts have also recently issued reports about the company. BMO Capital Markets upped their price objective on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Weiss Ratings upgraded Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research report on Thursday, September 3rd. UBS Group upped their target price on Chime Financial from $26.00 to $28.00 and gave the stock a “neutral” rating in a research note on Thursday, August 6th. Keefe, Bruyette & Woods increased their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Finally, Piper Sandler lifted their price target on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “overweight” rating in a research note on Thursday, August 6th. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $35.00.

Chime Financial Stock Performance

Chime Financial stock opened at $33.00 on Wednesday. The firm’s fifty day moving average price is $27.73 and its 200-day moving average price is $22.50. The stock has a market cap of $12.49 billion, a P/E ratio of -471.36 and a beta of 0.60. Chime Financial has a fifty-two week low of $15.88 and a fifty-two week high of $35.55.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The company had revenue of $669.77 million during the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same quarter last year, the firm posted ($7.29) earnings per share. On average, analysts predict that Chime Financial will post 0.44 earnings per share for the current year.

Insider Buying and Selling

In other Chime Financial news, major shareholder Global Advisors Ltd Dst sold 59,630 shares of Chime Financial stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $35.03, for a total value of $2,088,838.90. Following the transaction, the insider directly owned 368,812 shares of the company’s stock, valued at $12,919,484.36. The trade was a 13.92% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Ryan A. King sold 42,421 shares of Chime Financial stock in a transaction that occurred on Wednesday, September 9th. The stock was sold at an average price of $35.15, for a total value of $1,491,098.15. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 14,001,346 shares of company stock worth $455,248,155. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in CHYM. EverSource Wealth Advisors LLC bought a new stake in Chime Financial during the 2nd quarter valued at $33,000. Scopus Asset Management L.P. bought a new stake in Chime Financial in the 2nd quarter worth $34,000. PNC Financial Services Group Inc. bought a new position in shares of Chime Financial during the fourth quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial during the second quarter valued at about $40,000. Finally, Osaic Holdings Inc. purchased a new stake in shares of Chime Financial during the second quarter worth about $45,000.

Chime Financial News Summary

Here are the key news stories impacting Chime Financial this week:

• Positive Sentiment: Chime agreed to acquire Stride Bank, its longtime banking partner, for approximately $590 million in cash. Owning a nationally chartered bank could reduce partner fees and funding costs, improve control over lending and compliance, and generate more than $100 million in annual savings. The transaction is expected to be accretive to earnings after its anticipated first-half 2027 closing. Stride Bank acquisition article
• Positive Sentiment: Management raised its outlook, projecting third-quarter revenue of approximately $705 million and full-year 2026 revenue of $2.76 billion to $2.77 billion. Full-year adjusted EBITDA guidance increased to $481 million-$489 million, supporting the investment case.
• Positive Sentiment: Analyst sentiment strengthened. KeyCorp raised its price target to $40, Scotiabank to $42, and Loop Capital initiated coverage with a Buy rating and a $45 target. Other firms, including Morgan Stanley, Piper Sandler and UBS, also reportedly increased targets, while Zacks added CHYM to its Strong Buy momentum list. KeyCorp price target article
• Neutral Sentiment: The Stride transaction requires regulatory approval and will expose Chime to bank capital requirements, federal oversight and integration risks. Investors will also monitor whether the bank remains below the $10 billion asset threshold, which affects debit-card interchange economics.
• Negative Sentiment: Valuation appears stretched after an approximately 86% three-month rally and a move close to the 52-week high. UBS maintained a Neutral rating despite raising its target to $31, indicating some analysts see limited upside at elevated levels.
• Negative Sentiment: Insiders continued to sell shares. Major shareholder Global Advisors Ltd Dst sold 59,630 shares for about $2.09 million, while Ryan King sold 42,421 shares for approximately $1.49 million. Chief Accounting Officer Amine Asmerom also sold 19,505 shares for about $642,000. The executive sales were conducted under pre-arranged Rule 10b5-1 plans, reducing their significance as discretionary bearish signals.

Chime Financial Company Profile

Chime Financial, Inc is a financial technology company that operates a digital banking platform in the United States. Chime provides consumer-focused banking services through its mobile application and website, offering checking and savings accounts, debit cards, direct-deposit services and tools designed to help customers manage their everyday finances. Chime is not a traditional bank; its banking services are provided through partner financial institutions.

The company’s products include a Visa debit card, fee-free overdraft protection through SpotMe for eligible members, early access to qualifying direct deposits, savings features and credit-building products.