Chime Financial (NASDAQ:CHYM) Given New $33.00 Price Target at Morgan Stanley

Chime Financial (NASDAQ:CHYM) had its price target raised by research analysts at Morgan Stanley from $31.00 to $33.00 in a note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price objective suggests a potential upside of 1.43% from the stock’s previous close.

Other research analysts have also recently issued reports about the stock. Canaccord Genuity Group reissued a “buy” rating and set a $40.00 target price on shares of Chime Financial in a research report on Friday, July 31st. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a research note on Saturday, July 25th. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a report on Wednesday, June 3rd. Piper Sandler raised their target price on Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Wolfe Research reaffirmed an “outperform” rating and set a $32.00 target price on shares of Chime Financial in a research report on Thursday. Four analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $30.33.

Chime Financial Stock Performance

Shares of NASDAQ CHYM traded up $6.62 during midday trading on Thursday, hitting $32.54. 21,448,763 shares of the stock traded hands, compared to its average volume of 4,801,835. Chime Financial has a one year low of $15.88 and a one year high of $33.99. The business has a 50 day moving average price of $20.05 and a two-hundred day moving average price of $20.74. The company has a market cap of $12.40 billion, a PE ratio of -4.39 and a beta of 0.31.

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, beating the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 41.87% and a negative return on equity of 67.86%. The business had revenue of $669.77 million during the quarter. During the same period in the previous year, the business posted ($7.29) EPS. The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. As a group, equities research analysts forecast that Chime Financial will post 0.3 EPS for the current fiscal year.

Insider Transactions at Chime Financial

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

Hedge Funds Weigh In On Chime Financial

Several institutional investors have recently modified their holdings of CHYM. Bank of New York Mellon Corp bought a new stake in Chime Financial during the second quarter worth $13,453,000. Handelsbanken Fonder AB bought a new position in Chime Financial in the 2nd quarter valued at $1,358,000. Affinity Capital Advisors LLC purchased a new stake in shares of Chime Financial during the 2nd quarter valued at $325,000. AMS Capital Ltda bought a new stake in shares of Chime Financial during the 1st quarter worth $3,439,000. Finally, NewEdge Advisors LLC raised its stake in shares of Chime Financial by 61.8% during the 1st quarter. NewEdge Advisors LLC now owns 28,780 shares of the company’s stock worth $539,000 after purchasing an additional 10,997 shares during the period.

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.

About Chime Financial

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.