Piper Sandler Raises Chime Financial (NASDAQ:CHYM) Price Target to $40.00

Chime Financial (NASDAQ:CHYM) had its price target upped by equities researchers at Piper Sandler from $35.00 to $40.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Piper Sandler’s price target indicates a potential upside of 17.31% from the company’s previous close.

Other equities research analysts also recently issued reports about the company. UBS Group upped their price objective on Chime Financial from $26.00 to $28.00 and gave the company a “neutral” rating in a research report on Thursday, August 6th. Wall Street Zen upgraded Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Morgan Stanley boosted their target price on Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday. Loop Capital assumed coverage on Chime Financial in a report on Wednesday. They set a “buy” rating and a $45.00 price target on the stock. Finally, Keefe, Bruyette & Woods raised their price target on Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Thursday, August 6th. Four 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 given a Sell rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.75.

Chime Financial Price Performance

Shares of Chime Financial stock traded up $1.79 during trading hours on Wednesday, reaching $34.10. The company’s stock had a trading volume of 7,569,229 shares, compared to its average volume of 5,295,586. The firm has a 50 day moving average price of $26.98 and a 200-day moving average price of $22.25. The stock has a market cap of $12.91 billion, a P/E ratio of -485.24 and a beta of 0.60. Chime Financial has a one year low of $15.88 and a one year high of $35.55.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating 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 net margin of 0.74% and a negative return on equity of 1.28%. The firm’s revenue was up 26.8% on a year-over-year basis. During the same period in the previous year, the business posted ($7.29) EPS. As a group, sell-side analysts forecast that Chime Financial will post 0.43 EPS for the current fiscal year.

Insider Activity at Chime Financial

In related news, major shareholder Global Advisors Ltd Dst sold 1,168,667 shares of the firm’s stock in a transaction that occurred on Wednesday, August 26th. The stock was sold at an average price of $33.04, for a total transaction of $38,612,757.68. Following the completion of the sale, the insider directly owned 369,370 shares of the company’s stock, valued at approximately $12,203,984.80. This trade represents a 75.98% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Christopher Britt sold 200,000 shares of the stock in a transaction on Tuesday, September 1st. The stock was sold at an average price of $32.04, for a total value of $6,408,000.00. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 13,879,790 shares of company stock worth $451,025,723. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chime Financial

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Tiger Global Management LLC boosted its position in Chime Financial by 13.8% in the 4th quarter. Tiger Global Management LLC now owns 14,192,499 shares of the company’s stock valued at $357,225,000 after buying an additional 1,721,731 shares during the period. Aspect Management LLC bought a new stake in shares of Chime Financial during the fourth quarter valued at approximately $300,361,000. Orland Properties Ltd bought a new stake in shares of Chime Financial during the second quarter valued at approximately $159,093,000. Scge Management L.P. purchased a new stake in shares of Chime Financial in the second quarter valued at approximately $152,563,000. Finally, Spyglass Capital Management LLC boosted its holdings in shares of Chime Financial by 162.6% in the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock valued at $69,760,000 after purchasing an additional 2,109,057 shares during the period.

Chime Financial News Summary

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

• Positive Sentiment: Chime agreed to acquire Stride Bank for $590 million in cash. Stride is Chime’s longtime banking partner and holds a national charter; after closing, it is expected to become Chime Bank, N.A., a wholly owned subsidiary. The deal may reduce reliance on outside banking partners, improve control over lending economics, and produce more than $100 million in potential net synergies. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: The company raised its full-year 2026 revenue guidance to as much as $2.77 billion, reinforcing the investment case for stronger growth following better-than-expected second-quarter results. Chime Financial to Buy Stride and Raise Guidance
• Positive Sentiment: Analysts became more constructive: Canaccord raised its price target from $45 to $50 with a Buy rating, while Barclays and KeyCorp lifted targets to $40 and maintained Overweight ratings. Loop Capital initiated coverage with a Buy rating and a $45 target. Zacks Momentum Stocks List
• Positive Sentiment: Zacks added CHYM to its Rank #1 Strong Buy momentum list, adding to the stock’s recent momentum appeal. Zacks Chime Momentum Analysis
• Neutral Sentiment: The acquisition remains subject to closing conditions and regulatory approvals. Chime must also execute the integration successfully and absorb the substantial cash outlay, creating potential near-term uncertainty despite the strategic benefits. Reuters Stride Bank Acquisition Report

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.