Chime Financial (NASDAQ:CHYM) Price Target Raised to $33.00 at Morgan Stanley

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

A number of other analysts have also recently issued reports on the company. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a research note on Wednesday, June 3rd. Texas Capital upgraded Chime Financial to a “strong-buy” rating in a report on Tuesday, April 14th. The Goldman Sachs Group increased their price target on shares of Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research note on Thursday. Compass Point raised Chime Financial from a “neutral” rating to a “buy” rating and decreased their target price for the stock from $33.00 to $27.00 in a report on Monday, April 13th. Finally, BMO Capital Markets increased their price target on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday. Four investment 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 given a Sell rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $30.33.

Chime Financial Price Performance

Shares of NASDAQ CHYM traded up $6.62 during mid-day trading on Thursday, hitting $32.54. The company’s stock had a trading volume of 21,448,763 shares, 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 stock has a market cap of $12.40 billion, a price-to-earnings ratio of -4.39 and a beta of 0.31. The company’s fifty day simple moving average is $20.05 and its 200-day simple moving average is $20.74.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share for the quarter, beating analysts’ consensus estimates of ($0.01) by $0.08. The company had revenue of $669.77 million for the quarter. Chime Financial had a negative return on equity of 67.86% and a negative net margin of 41.87%.The business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period last year, the company earned ($7.29) EPS. On average, sell-side analysts predict that Chime Financial will post 0.3 EPS for the current year.

Insider Activity at Chime Financial

In other Chime Financial news, CAO Amine Asmerom sold 10,000 shares of the business’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the sale, the chief accounting officer owned 226,946 shares of the company’s stock, valued at approximately $5,673,650. The trade was a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed 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 firm’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $17.50, for a total value of $52,500.00. Following the sale, the general counsel directly owned 303,795 shares in the company, valued at approximately $5,316,412.50. This trade represents a 0.98% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,000 shares of company stock worth $356,500 in the last quarter. 12.30% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Chime Financial

A number of hedge funds have recently modified their holdings of CHYM. EverSource Wealth Advisors LLC bought a new stake in Chime Financial in the second quarter valued at approximately $33,000. Scopus Asset Management L.P. acquired a new position in shares of Chime Financial during the 2nd quarter valued at $34,000. PNC Financial Services Group Inc. bought a new position in Chime Financial during the fourth quarter worth $25,000. Daiwa Securities Group Inc. acquired a new stake in Chime Financial in the second quarter worth $40,000. Finally, Caitong International Asset Management Co. Ltd grew its holdings in Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after purchasing an additional 1,276 shares during the period.

Key Chime Financial News

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.

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.