Chime Financial (NASDAQ:CHYM) Stock Price Target Raised at Scotiabank

Chime Financial (NASDAQ:CHYM) had its target price hoisted by Scotiabank from $42.00 to $44.00 in a research note issued on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank‘s target price would suggest a potential upside of 47.14% from the company’s previous close.

A number of other brokerages also recently issued reports on CHYM. KeyCorp increased their price target on shares of Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Piper Sandler boosted their price target on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 9th. The Goldman Sachs Group boosted their price target on shares of Chime Financial from $38.00 to $43.00 and gave the stock a “buy” rating in a research note on Thursday. Rothschild & Co Redburn raised shares of Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a report on Monday, September 14th. Finally, Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Three research analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus target price of $39.00.

Chime Financial Stock Up 0.1%

Chime Financial stock traded up $0.03 during midday trading on Thursday, hitting $29.90. 5,761,531 shares of the stock were exchanged, compared to its average volume of 5,325,123. The stock has a market capitalization of $11.32 billion, a price-to-earnings ratio of -429.20 and a beta of 0.74. The business’s 50-day moving average price is $30.04 and its 200-day moving average price is $23.85. Chime Financial has a 52-week low of $15.88 and a 52-week high of $35.55.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, beating the consensus estimate of $0.09 by $0.02. The business had revenue of $718.00 million for the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. Chime Financial’s revenue for the quarter was up 32.1% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.15) EPS. On average, sell-side analysts predict that Chime Financial will post 0.46 earnings per share for the current fiscal year.

Insider Activity

In related news, major shareholder Global Advisors Ltd Dst sold 3,216,189 shares of the business’s stock in a transaction dated Monday, September 14th. The stock was sold at an average price of $33.99, for a total transaction of $109,318,264.11. Following the transaction, the insider owned 336,798 shares in the company, valued at $11,447,764.02. The trade was a 90.52% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Cynthia Marshall sold 20,000 shares of the firm’s stock in a transaction on Friday, September 11th. The stock was sold at an average price of $33.09, for a total value of $661,800.00. Following the completion of the sale, the director directly owned 28,548 shares of the company’s stock, valued at $944,653.32. The trade was a 41.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 16,432,912 shares of company stock valued at $541,335,425. Corporate insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. AMS Capital Ltda purchased a new position in shares of Chime Financial in the first quarter worth $3,439,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the last quarter. Arizona State Retirement System purchased a new stake in Chime Financial during the 2nd quarter valued at $692,000. Hsbc Holdings PLC bought a new position in Chime Financial in the fourth quarter valued at about $1,274,000. Finally, Brown University grew its position in shares of Chime Financial by 99.0% during the 1st quarter. Brown University now owns 204,625 shares of the company’s stock valued at $3,833,000 after acquiring an additional 101,820 shares during the period.

Chime Financial News Summary

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

• Positive Sentiment: Chime reported Q3 revenue of $718 million, up 32.1% year over year, and earnings that exceeded analysts’ expectations. Coverage also highlighted a surge in lending and the company’s third consecutive GAAP-profitable quarter, signaling improving scale and profitability. Reuters: Chime raises annual revenue forecast on robust demand Q3 earnings and lending coverage
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million and raised its annual revenue outlook, citing robust customer demand. Better guidance can reinforce expectations for continued growth. Chime Q4 revenue forecast
• Positive Sentiment: Goldman Sachs raised its price target from $38 to $43 and reiterated a Buy rating, indicating greater analyst optimism about CHYM’s prospects. Goldman Sachs stock recommendations
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027. The deal may support future growth, but its impact will depend on closing and execution. Stride deal timing and Q4 outlook

About Chime Financial

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.