Scotiabank Forecasts Strong Price Appreciation for Chime Financial (NASDAQ:CHYM) Stock

Chime Financial (NASDAQ:CHYM) had its target price raised by Scotiabank from $42.00 to $44.00 in a research report issued to clients and investors on Thursday, Benzinga reports. The firm currently has a “sector outperform” rating on the stock. Scotiabank‘s target price suggests a potential upside of 40.44% from the stock’s current price.

Other equities research analysts have also issued research reports about the company. Freedom Capital raised Chime Financial to a “strong-buy” rating in a research note on Thursday, July 23rd. B. Riley Financial raised their price target on Chime Financial from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Rothschild & Co Redburn raised Chime Financial from a “hold” rating to a “buy” rating and set a $46.00 price target for the company in a report on Monday, September 14th. Morgan Stanley boosted their price target on Chime Financial from $39.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Finally, KeyCorp upped their price objective on Chime Financial from $33.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Three equities research analysts have rated the stock with a Strong Buy rating, seventeen have issued a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $39.47.

Chime Financial Stock Performance

NASDAQ CHYM traded up $1.15 during trading hours on Thursday, reaching $31.33. The company’s stock had a trading volume of 8,530,008 shares, compared to its average volume of 3,396,881. The stock has a market cap of $11.86 billion, a PE ratio of 164.90 and a beta of 0.74. Chime Financial has a fifty-two week low of $15.88 and a fifty-two week high of $35.55. The company’s 50-day moving average is $29.94 and its two-hundred day moving average is $23.90.

Chime Financial (NASDAQ:CHYM) last announced its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The company had revenue of $718.00 million during the quarter. During the same quarter in the previous year, the firm posted ($0.15) EPS. The business’s revenue was up 32.1% on a year-over-year basis. Equities analysts expect that Chime Financial will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director James Feuille sold 256,837 shares of the company’s stock in a transaction dated Wednesday, September 16th. The shares were sold at an average price of $32.33, for a total transaction of $8,303,540.21. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Cynthia Marshall sold 20,000 shares of the company’s stock in a transaction dated Friday, September 11th. The shares were sold at an average price of $33.09, for a total transaction of $661,800.00. Following the transaction, the director directly owned 28,548 shares of the company’s stock, valued at approximately $944,653.32. This represents a 41.20% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 16,496,294 shares of company stock worth $543,320,549 over the last ninety days. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Chime Financial

Large investors have recently bought and sold shares of the stock. NFSG Corp purchased a new stake in shares of Chime Financial during the 3rd quarter valued at $27,000. Reyes Financial Architecture Inc. acquired a new position in Chime Financial in the third quarter valued at $39,000. Nisa Investment Advisors LLC boosted its holdings in Chime Financial by 529.7% in the third quarter. Nisa Investment Advisors LLC now owns 1,889 shares of the company’s stock valued at $50,000 after acquiring an additional 1,589 shares during the last quarter. Farther Finance Advisors LLC grew its position in Chime Financial by 2.4% during the third quarter. Farther Finance Advisors LLC now owns 72,666 shares of the company’s stock valued at $1,936,000 after acquiring an additional 1,672 shares during the period. Finally, GAMMA Investing LLC grew its position in Chime Financial by 1,316.3% during the third quarter. GAMMA Investing LLC now owns 2,167 shares of the company’s stock valued at $58,000 after acquiring an additional 2,014 shares during the period.

Key Chime Financial News

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

• Positive Sentiment: Chime reported Q3 revenue growth of 32% year over year and earnings that beat analysts’ expectations. The quarter marked its third consecutive GAAP profit, with lending cited as a key growth driver. Q3 earnings results
• Positive Sentiment: Management forecast Q4 revenue of $757 million to $767 million, indicating continued growth. Q4 forecast and Stride deal update
• Positive Sentiment: Several firms raised their targets: Goldman Sachs to $43 and kept a Buy rating; JPMorgan to $40 with an Overweight rating; and Scotiabank to $44 with a Sector Outperform rating. Goldman Sachs rating JPMorgan rating Scotiabank rating
• Positive Sentiment: UBS also raised its target, from $31 to $34, though it maintained a Neutral rating. UBS rating
• Neutral Sentiment: Chime expects its Stride transaction to close in the first half of 2027; the deal adds a future milestone, but its completion remains ahead. Stride transaction update

About Chime Financial

Chime Financial, Inc is a financial technology company that provides digital banking services through its Chime platform. The company offers consumer-focused spending, saving and credit products designed to be accessed primarily through mobile applications rather than traditional branch locations.

Chime’s products include spending accounts with debit cards, savings accounts, direct-deposit services, early access to qualifying paychecks, fee-free overdraft protection through SpotMe, and credit-building products.