The Goldman Sachs Group Increases Chime Financial (NASDAQ:CHYM) Price Target to $33.00

Chime Financial (NASDAQ:CHYM) had its price target upped by equities research analysts at The Goldman Sachs Group from $26.00 to $33.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group’s price objective suggests a potential upside of 13.40% from the stock’s previous close.

Several other equities research analysts also recently commented on CHYM. Canaccord Genuity Group reaffirmed a “buy” rating and set a $40.00 price objective on shares of Chime Financial in a report on Friday, July 31st. Weiss Ratings reissued a “sell (e+)” rating on shares of Chime Financial in a research report on Wednesday, June 3rd. Barclays initiated coverage on shares of Chime Financial in a research note on Wednesday, July 8th. They set an “overweight” rating and a $26.00 price target on the stock. Wolfe Research reaffirmed an “outperform” rating and issued a $32.00 price objective on shares of Chime Financial in a report on Thursday. Finally, Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and reduced their price objective for the company from $33.00 to $27.00 in a research note on Monday, April 13th. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $31.06.

Chime Financial Price Performance

Shares of CHYM opened at $29.10 on Thursday. Chime Financial has a 1 year low of $15.88 and a 1 year high of $33.41. The stock’s fifty day moving average price is $20.52 and its two-hundred day moving average price is $20.83. The firm has a market cap of $11.09 billion, a PE ratio of -415.65 and a beta of 0.31.

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, topping the consensus estimate of ($0.01) by $0.08. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.The company had revenue of $669.77 million during the quarter. During the same quarter in the previous year, the company posted ($7.29) EPS. The firm’s revenue was up 26.8% compared to the same quarter last year. Sell-side analysts anticipate that Chime Financial will post 0.32 earnings per share for the current fiscal year.

Insider Transactions at Chime Financial

In other news, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 226,946 shares of the company’s stock, valued at approximately $5,673,650. This represents a 4.22% decrease in their ownership of the stock. The sale 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 that occurred on Monday, June 15th. The shares were sold at an average price of $17.50, for a total transaction of $52,500.00. Following the completion of the transaction, the general counsel owned 303,795 shares of the company’s stock, valued at $5,316,412.50. This trade represents a 0.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 16,000 shares of company stock valued at $356,500 in the last ninety days. Insiders own 12.30% of the company’s stock.

Institutional Trading of Chime Financial

Institutional investors and hedge funds have recently bought and sold shares of the company. PNC Financial Services Group Inc. bought a new position in Chime Financial in the 4th quarter valued at $25,000. EverSource Wealth Advisors LLC bought a new position in shares of Chime Financial in the second quarter worth $33,000. Scopus Asset Management L.P. bought a new position in shares of Chime Financial in the second quarter worth $34,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of 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. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Chime Financial in the second quarter worth $40,000.

Key Chime Financial News

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

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, supported by stronger user engagement and continued adoption of its digital banking and lending products. Chime Financial stock surges after strong Q2 beat
• Positive Sentiment: Management forecast third-quarter revenue of approximately $680 million to $690 million and projected 2026 revenue of $2.725 billion to $2.745 billion, reinforcing expectations for continued growth. Direct-deposit relationships are also helping Chime expand into lending and other financial products. Chime forecasts 2026 revenue and workforce reduction
• Positive Sentiment: Several analysts raised their price targets after the earnings release. Barclays increased its target to $33 and kept an overweight rating; Morgan Stanley raised its target to $33 with an overweight rating; Piper Sandler raised its target to $35; and BMO, Goldman Sachs, KBW, B. Riley and Canaccord also issued higher targets, with Canaccord at $45 and a buy rating. Analyst price-target updates
• Neutral Sentiment: UBS raised its target to $28 but retained a neutral rating, implying the shares may already reflect much of the improved outlook. UBS Chime Financial price target
• Negative Sentiment: Chime plans to reduce its workforce by roughly 10%. While the move could improve efficiency and profitability, it may signal tighter expense controls and create execution or morale risks. The planned departure of CFO Matt Newcomb adds another leadership-transition concern.
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and represents only 4.22% of his holdings, it is a limited signal.

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.