Chime Financial (NASDAQ:CHYM) Price Target Cut to $35.00 by Analysts at Keefe, Bruyette & Woods

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

A number of other research analysts also recently commented on the company. Seaport Res Ptn upgraded Chime Financial to a “strong-buy” rating in a research note on Monday, June 30th. Evercore ISI began coverage on Chime Financial in a research note on Monday, July 7th. They issued an “outperform” rating and a $38.00 price target for the company. Compass Point began coverage on Chime Financial in a report on Wednesday, July 2nd. They issued a “neutral” rating and a $33.00 price objective on the stock. Barclays began coverage on shares of Chime Financial in a research report on Monday, July 7th. They set an “overweight” rating and a $40.00 price objective on the stock. Finally, JPMorgan Chase & Co. assumed coverage on shares of Chime Financial in a research report on Monday, July 7th. They issued an “overweight” rating and a $40.00 target price for the company. One equities research analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $37.15.

Chime Financial Trading Down 0.8%

Chime Financial stock opened at $20.00 on Wednesday. Chime Financial has a twelve month low of $19.85 and a twelve month high of $44.94. The company has a 50 day moving average of $27.17.

Chime Financial (NASDAQ:CHYM) last posted its quarterly earnings results on Thursday, August 7th. The company reported ($7.29) EPS for the quarter, missing the consensus estimate of ($4.85) by ($2.44). The firm had revenue of $528.15 million for the quarter, compared to analyst estimates of $503.88 million. The business’s 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.

Hedge Funds Weigh In On Chime Financial

A number of institutional investors have recently modified their holdings of the company. EverSource Wealth Advisors LLC bought a new stake in shares of Chime Financial during the 2nd quarter worth $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial during the 2nd quarter worth $34,000. Daiwa Securities Group Inc. bought a new stake in Chime Financial during the second quarter valued at about $40,000. Osaic Holdings Inc. acquired a new stake in shares of Chime Financial in the second quarter valued at about $45,000. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in shares of Chime Financial in the second quarter valued at about $113,000.

About Chime Financial

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.