Keefe, Bruyette & Woods Cuts Chime Financial (NASDAQ:CHYM) Price Target to $35.00

Chime Financial (NASDAQ:CHYM) had its price target decreased by Keefe, Bruyette & Woods from $42.00 to $35.00 in a research report released on Wednesday,Benzinga reports. Keefe, Bruyette & Woods currently has an outperform rating on the stock.

Other research analysts have also recently issued reports about the stock. Wolfe Research began coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an “outperform” rating and a $38.00 target price for the company. Evercore ISI initiated coverage on shares of Chime Financial in a report on Monday, July 7th. They issued an “outperform” rating and a $38.00 price objective for the company. Morgan Stanley assumed coverage on Chime Financial in a research report on Monday, July 7th. They issued an “overweight” rating and a $39.00 price objective on the stock. Canaccord Genuity Group reissued a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a report on Monday, August 11th. Finally, Seaport Res Ptn raised Chime Financial to a “strong-buy” rating in a report on Monday, June 30th. Two research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Chime Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $37.15.

Chime Financial Stock Performance

Chime Financial stock opened at $20.87 on Wednesday. Chime Financial has a 12 month low of $19.85 and a 12 month high of $44.94. The business has a fifty day moving average of $26.59.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Thursday, August 7th. The company reported ($7.29) earnings per share for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The firm had revenue of $528.15 million during the quarter, compared to analysts’ expectations of $503.88 million. The firm’s quarterly revenue was up 37.5% compared to the same quarter last year. Chime Financial has set its FY 2025 guidance at EPS. Q3 2025 guidance at EPS.

Institutional Trading of Chime Financial

Hedge funds have recently bought and sold shares of the company. EverSource Wealth Advisors LLC bought a new position in Chime Financial in the second quarter valued at about $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial during the 2nd quarter valued at about $34,000. Daiwa Securities Group Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth approximately $40,000. Osaic Holdings Inc. bought a new position in shares of Chime Financial in the 2nd quarter worth approximately $45,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new position in shares of Chime Financial in the second quarter worth approximately $113,000.

Chime Financial Company Profile

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.