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

Chime Financial (NASDAQ:CHYM) had its price target upped by equities research analysts at Piper Sandler from $35.00 to $40.00 in a report released on Wednesday, Benzinga reports. The firm currently has an “overweight” rating on the stock. Piper Sandler’s price objective suggests a potential upside of 17.31% from the stock’s previous close.

Other equities research analysts have also issued research reports about the company. Wells Fargo & Company increased their price target on Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a research note on Tuesday, August 25th. The Goldman Sachs Group upped their price objective on Chime Financial from $26.00 to $33.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Loop Capital initiated coverage on Chime Financial in a research report on Wednesday. They set a “buy” rating and a $45.00 target price for the company. KeyCorp lifted their target price on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research note on Wednesday. Finally, B. Riley Financial boosted their price target on Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a report on Thursday, August 6th. Four equities research analysts have rated the stock with a Strong Buy rating, sixteen have given a Buy rating, three have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $34.75.

Chime Financial Stock Performance

Shares of CHYM traded up $1.79 during mid-day trading on Wednesday, reaching $34.10. The stock had a trading volume of 7,569,229 shares, compared to its average volume of 5,295,586. The business has a fifty day moving average of $26.98 and a 200 day moving average of $22.25. The firm has a market cap of $12.91 billion, a price-to-earnings ratio of -485.24 and a beta of 0.60. Chime Financial has a 12 month low of $15.88 and a 12 month high of $35.55.

Chime Financial (NASDAQ:CHYM) last announced its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, beating 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 in the previous year, the business earned ($7.29) earnings per share. The firm’s revenue for the quarter was up 26.8% on a year-over-year basis. On average, research analysts forecast that Chime Financial will post 0.43 EPS for the current fiscal year.

Insider Buying and Selling at Chime Financial

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

Hedge Funds Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Aspect Management LLC bought a new position in Chime Financial during the fourth quarter valued at approximately $300,361,000. Orland Properties Ltd bought a new stake in Chime Financial in the 2nd quarter worth approximately $159,093,000. Scge Management L.P. purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $152,563,000. California State Teachers Retirement System purchased a new stake in shares of Chime Financial during the 2nd quarter worth approximately $59,367,000. Finally, Arrowstreet Capital Limited Partnership boosted its position 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.

Key Chime Financial News

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.