Chime Financial (NASDAQ:CHYM) Price Target Raised to $40.00

Chime Financial (NASDAQ:CHYM) had its target price increased by Barclays from $33.00 to $40.00 in a research note published on Wednesday morning,Benzinga reports. The firm currently has an overweight rating on the stock.

Several other equities research analysts have also recently weighed in on CHYM. BMO Capital Markets upped their target price on Chime Financial from $28.00 to $32.00 and gave the stock an “outperform” rating in a research note on Thursday, August 6th. The Goldman Sachs Group lifted their price target on Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday, August 6th. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Weiss Ratings raised shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a research note on Thursday, September 3rd. Finally, Zacks Research upgraded Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. Four research 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 issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $35.00.

Chime Financial Trading Up 1.0%

Shares of NASDAQ:CHYM opened at $33.00 on Wednesday. The firm has a 50 day moving average of $27.73 and a 200-day moving average of $22.50. Chime Financial has a 12 month low of $15.88 and a 12 month high of $35.55. The stock has a market capitalization of $12.49 billion, a PE ratio of -471.36 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last posted its quarterly 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 business had revenue of $669.77 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business’s revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business posted ($7.29) EPS. On average, research analysts predict that Chime Financial will post 0.44 EPS for the current fiscal year.

Insider Buying and Selling

In other news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the company’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $32.66, for a total value of $145,538,087.62. Following the sale, the insider directly owned 405,663 shares of the company’s stock, valued at approximately $13,248,953.58. This represents a 91.66% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Ryan King sold 375,000 shares of the stock in a transaction on Thursday, August 6th. The stock was sold at an average price of $30.27, for a total transaction of $11,351,250.00. 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. Insiders sold a total of 14,001,346 shares of company stock worth $455,248,155 in the last 90 days. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Chime Financial

A number of large investors have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial in the 2nd quarter worth about $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter valued at about $34,000. PNC Financial Services Group Inc. bought a new stake in shares of Chime Financial during the 4th quarter valued at about $25,000. Daiwa Securities Group Inc. bought a new stake in shares of Chime Financial during the 2nd quarter valued at about $40,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the period.

Chime Financial News Roundup

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.