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

Chime Financial (NASDAQ:CHYM) had its price objective increased by equities research analysts at Scotiabank from $40.00 to $42.00 in a note issued to investors on Wednesday, Benzinga reports. The brokerage currently has a “sector outperform” rating on the stock. Scotiabank’s price target suggests a potential upside of 21.56% from the company’s previous close.

Several other equities analysts have also commented on the company. Weiss Ratings raised Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Canaccord Genuity Group boosted their price objective on Chime Financial from $45.00 to $50.00 and gave the company a “buy” rating in a research report on Wednesday. Freedom Capital upgraded Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. Finally, The Goldman Sachs Group increased their target price on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research report on Thursday, August 6th. Four analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, Chime Financial presently has a consensus rating of “Moderate Buy” and an average target price of $35.00.

Chime Financial Stock Performance

Shares of NASDAQ CHYM traded up $2.24 during midday trading on Wednesday, hitting $34.55. The company’s stock had a trading volume of 13,441,871 shares, compared to its average volume of 5,331,340. Chime Financial has a 1-year low of $15.88 and a 1-year high of $35.55. The firm’s fifty day moving average price is $26.98 and its 200-day moving average price is $22.25. The firm has a market cap of $13.08 billion, a P/E ratio of -493.50 and a beta of 0.60.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm had revenue of $669.77 million for the quarter. During the same quarter last year, the company earned ($7.29) EPS. Chime Financial’s revenue was up 26.8% compared to the same quarter last year. As a group, research analysts predict that Chime Financial will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling at Chime Financial

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 stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the sale, the insider owned 405,663 shares in the company, valued at $13,248,953.58. This represents a 91.66% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, insider Ryan King sold 375,000 shares of Chime Financial stock in a transaction dated Thursday, August 6th. The stock was sold at an average price of $30.27, for a total value of $11,351,250.00. 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 have sold 13,879,790 shares of company stock worth $451,025,723. 12.30% of the stock is owned by insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. AMS Capital Ltda acquired a new position in Chime Financial during the first quarter valued at $3,439,000. Arrowstreet Capital Limited Partnership increased its holdings in shares of Chime Financial by 2,720.3% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after purchasing an additional 2,658,816 shares during the period. Hsbc Holdings PLC purchased a new stake in shares of Chime Financial in the fourth quarter worth approximately $1,274,000. Brown University boosted its holdings in shares of Chime Financial by 99.0% during the first quarter. Brown University now owns 204,625 shares of the company’s stock worth $3,833,000 after purchasing an additional 101,820 shares during the period. Finally, Bank of America Corp DE grew its position in Chime Financial by 115.0% during the first quarter. Bank of America Corp DE now owns 319,579 shares of the company’s stock valued at $5,986,000 after purchasing an additional 170,941 shares in the last quarter.

More Chime Financial News

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

• Positive Sentiment: Stride Bank acquisition strengthens Chime’s platform. Chime agreed to acquire its longtime banking partner, Stride Bank, for $590 million in cash. The transaction would give Chime a nationally chartered bank subsidiary, bringing key banking infrastructure and greater control over lending in-house. Analysts and market commentary suggest the deal could generate more than $100 million in net synergies. Reuters article
• Positive Sentiment: Management raised its outlook. Reports on the Stride transaction indicate Chime increased its 2026 revenue guidance to as much as $2.77 billion, reinforcing expectations for continued growth and improved operating leverage. Seeking Alpha article
• Positive Sentiment: Analysts raised targets and initiated bullish coverage. Canaccord lifted its target to $50 with a buy rating; Loop Capital initiated coverage at buy with a $45 target; and Barclays, KeyCorp, Piper Sandler, and Morgan Stanley raised targets to $40 while maintaining overweight ratings. These targets imply substantial potential upside from recent trading levels.
• Positive Sentiment: Momentum remains favorable. Zacks included CHYM on its Rank #1 (Strong Buy) momentum list, while recent coverage has highlighted a potential technical breakout following the acquisition and stronger guidance. Zacks article
• Negative Sentiment: Not all analysts see immediate upside. UBS raised its price target from $28 to $31 but retained a neutral rating, leaving its target below the recent share price. This indicates some concern that the acquisition’s benefits may already be reflected in the valuation or that execution risks remain.

Chime Financial Company Profile

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.