Chime Financial (NASDAQ:CHYM) Price Target Raised to $28.00

Chime Financial (NASDAQ:CHYM) had its target price upped by analysts at UBS Group from $26.00 to $28.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 12.09% from the stock’s previous close.

Several other analysts have also recently weighed in on the company. Barclays assumed coverage on Chime Financial in a report on Wednesday, July 8th. They issued an “overweight” rating and a $26.00 price target on the stock. B. Riley Financial upped their price objective on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research report on Thursday. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and dropped their target price for the company from $33.00 to $27.00 in a research report on Monday, April 13th. Finally, Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 price target on shares of Chime Financial in a research note on Friday, July 31st. Four investment analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating, three have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Chime Financial presently has an average rating of “Moderate Buy” and an average price target of $30.39.

Chime Financial Stock Performance

NASDAQ CHYM traded up $5.93 during trading on Thursday, hitting $31.85. 27,273,987 shares of the company’s stock traded hands, compared to its average volume of 4,828,209. The stock has a market capitalization of $12.14 billion, a price-to-earnings ratio of -4.27 and a beta of 0.31. Chime Financial has a 12-month low of $15.88 and a 12-month high of $33.99. The business has a 50 day moving average of $20.05 and a 200-day moving average of $20.74.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.Chime Financial’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business earned ($7.29) earnings per share. On average, analysts expect that Chime Financial will post 0.3 EPS for the current year.

Insider Transactions at Chime Financial

In other Chime Financial news, General Counsel Adam B. Frankel sold 3,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares of the company’s stock, valued at approximately $5,316,412.50. The trade was a 0.98% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Amine Asmerom sold 10,000 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the transaction, the chief accounting officer owned 226,946 shares in the company, valued at $5,673,650. This represents a 4.22% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 16,000 shares of company stock worth $356,500 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. PNC Financial Services Group Inc. bought a new position in Chime Financial during the 4th quarter valued at approximately $25,000. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial in the second quarter worth $34,000. Caitong International Asset Management Co. Ltd grew its stake in shares of Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after acquiring an additional 1,276 shares during the last quarter. Finally, Daiwa Securities Group Inc. bought a new position in shares of Chime Financial during the second quarter valued at $40,000.

Key Stories Impacting Chime Financial

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

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, beating the consensus estimate of a $0.01 loss and improving substantially from a $7.29 per-share loss a year earlier. Revenue increased 26.8% year over year to $669.77 million, while management cited expanding margins and a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Third-quarter revenue guidance of $680 million to $690 million exceeded Wall Street’s $669.5 million estimate. Chime also forecast 2026 revenue of approximately $2.725 billion to $2.745 billion, reflecting continued demand for its digital banking products. Chime 2026 Revenue Forecast and Workforce Reduction
• Positive Sentiment: Analysts raised their targets following the results: Piper Sandler moved to $35 with an overweight rating, B. Riley to $37 with a buy rating, and Keefe, Bruyette & Woods to $35 with an outperform rating. Goldman Sachs raised its target to $33 and maintained a buy rating. Analyst Price Target Revisions
• Neutral Sentiment: Chime plans to reduce its workforce by roughly 10%. The move could improve operating efficiency and margins, but it may also signal efforts to control costs amid the company’s ongoing expansion.
• Neutral Sentiment: Longtime CFO Matt Newcomb is stepping down, creating a leadership transition investors will monitor despite the stronger outlook. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction limits its bearish significance, but it modestly reduces insider ownership.

Chime Financial Company Profile

Chime Financial is a U.S.-based financial technology company offering mobile-first banking services designed to reduce fees and simplify everyday transactions. Founded in 2013 and headquartered in San Francisco, Chime operates a digital bank platform that provides customers with a checking account, a savings account, and a debit card without monthly maintenance fees, overdraft charges, or foreign transaction fees. The company’s platform is accessible via its mobile app, enabling users to manage their finances, track spending, and access customer support from their smartphones.

At the core of Chime’s service offering is its fee-free spending account, which includes early access to direct deposit funds—up to two days before scheduled payday—and instant transaction alerts.