Chime Financial (NASDAQ:CHYM) Price Target Raised to $42.00

Chime Financial (NASDAQ:CHYM) had its price objective boosted by Scotiabank from $40.00 to $42.00 in a research note released on Wednesday morning,Benzinga reports. The firm currently has a sector outperform rating on the stock.

CHYM has been the topic of several other reports. The Goldman Sachs Group upped their price objective on Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Wells Fargo & Company upped their target price on shares of Chime Financial from $33.00 to $39.00 and gave the company an “overweight” rating in a report on Tuesday, August 25th. Freedom Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. UBS Group lifted their price target on shares of Chime Financial from $28.00 to $31.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, BMO Capital Markets boosted their price objective on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Chime Financial has an average rating of “Moderate Buy” and an average target price of $35.00.

Chime Financial Price Performance

Shares of CHYM opened at $33.00 on Wednesday. Chime Financial has a 1-year low of $15.88 and a 1-year high of $35.55. The stock has a market cap of $12.49 billion, a price-to-earnings ratio of -471.36 and a beta of 0.60. The firm has a 50 day simple moving average of $27.73 and a 200-day simple moving average of $22.50.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The firm had revenue of $669.77 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 quarterly revenue was up 26.8% compared to the same quarter last year. During the same period in the previous year, the company posted ($7.29) EPS. On average, equities analysts expect that Chime Financial will post 0.44 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Chime Financial news, insider Ryan A. King sold 42,421 shares of the firm’s stock in a transaction dated Wednesday, September 9th. The stock was sold at an average price of $35.15, for a total value of $1,491,098.15. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 59,630 shares of the firm’s stock in a transaction dated 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 completion of the sale, the insider directly owned 368,812 shares in the company, valued at approximately $12,919,484.36. The trade was a 13.92% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold 14,001,346 shares of company stock worth $455,248,155 in the last three months. Company insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of CHYM. Aspect Management LLC acquired a new position in Chime Financial during the fourth quarter worth approximately $300,361,000. Orland Properties Ltd acquired a new position in shares of Chime Financial in the 2nd quarter valued at $159,093,000. Scge Management L.P. acquired a new position in shares of Chime Financial in the 2nd quarter valued at $152,563,000. California State Teachers Retirement System purchased a new stake in shares of Chime Financial during the 2nd quarter valued at $59,367,000. Finally, Arrowstreet Capital Limited Partnership grew its stake 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 buying an additional 2,658,816 shares during the period.

Key Stories Impacting Chime Financial

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.

About Chime Financial

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.