Chime Financial (NASDAQ:CHYM) Given New $50.00 Price Target at Canaccord Genuity Group

Chime Financial (NASDAQ:CHYM) had its price objective boosted by equities research analysts at Canaccord Genuity Group from $45.00 to $50.00 in a research note issued to investors on Wednesday, Benzinga reports. The firm presently has a “buy” rating on the stock. Canaccord Genuity Group’s price objective would indicate a potential upside of 54.75% from the company’s current price.

A number of other analysts have also weighed in on CHYM. B. Riley Financial upped their target price on shares of Chime Financial from $35.00 to $37.00 and gave the stock a “buy” rating in a research note on Thursday, August 6th. Piper Sandler upped their price target on shares of Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research report on Thursday, August 6th. Scotiabank started coverage on shares of Chime Financial in a research note on Wednesday, September 2nd. They issued a “sector outperform” rating and a $40.00 price objective on the stock. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Thursday, July 23rd. Finally, Zacks Research raised shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a research note on Tuesday, August 18th. Four investment analysts have rated the stock with a Strong Buy rating, fifteen have given a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Chime Financial has a consensus rating of “Moderate Buy” and an average target price of $33.00.

Chime Financial Price Performance

Shares of CHYM opened at $32.31 on Wednesday. The stock has a market cap of $12.23 billion, a PE ratio of -461.51 and a beta of 0.60. The firm has a 50-day simple moving average of $26.98 and a two-hundred day simple moving average of $22.25. Chime Financial has a 1-year low of $15.88 and a 1-year high of $34.44.

Chime Financial (NASDAQ:CHYM) last released its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 EPS for the quarter, topping the consensus estimate of ($0.01) by $0.08. The business had revenue of $669.77 million during the quarter. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%.The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the prior year, the business earned ($7.29) earnings per share. As a group, sell-side analysts expect that Chime Financial will post 0.43 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Chime Financial news, insider Ryan King sold 375,000 shares of Chime Financial stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $30.27, for a total value of $11,351,250.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total value of $145,538,087.62. Following the completion of the sale, the insider directly owned 405,663 shares in the company, valued at approximately $13,248,953.58. The trade was a 91.66% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 13,879,790 shares of company stock valued at $451,025,723. Company insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Chime Financial

Several institutional investors and hedge funds have recently bought and sold shares of CHYM. EverSource Wealth Advisors LLC purchased a new position in Chime Financial during the second quarter worth approximately $33,000. Scopus Asset Management L.P. purchased a new stake in shares of Chime Financial during the 2nd quarter valued at $34,000. PNC Financial Services Group Inc. acquired a new stake in shares of Chime Financial during the 4th quarter worth $25,000. Daiwa Securities Group Inc. acquired a new stake in shares of Chime Financial during the 2nd quarter worth $40,000. Finally, Caitong International Asset Management Co. Ltd raised its position in shares of Chime Financial by 686.0% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after buying an additional 1,276 shares during the period.

More Chime Financial News

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

• Positive Sentiment: Acquisition of Stride Bank: Chime agreed to acquire nationally chartered Stride Bank for $590 million in cash. Stride has been Chime’s banking partner for more than seven years, and the transaction would make it a wholly owned subsidiary renamed Chime Bank, N.A. The deal could give Chime greater control over deposits, lending, compliance and product development. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: Higher 2026 outlook: Chime raised its full-year 2026 revenue guidance to as much as $2.77 billion, signaling continued confidence in customer growth, transaction activity and lending expansion. Management also expects more than $100 million in potential net synergies from the Stride transaction. Chime Financial to Buy Stride in $590M Cash Deal, Raises Earnings Guidance
• Positive Sentiment: Improving operating momentum: Recent coverage highlights Chime’s stronger-than-expected second-quarter growth and a significant year-over-year expansion in EBITDA margin, reinforcing the case that the fintech is moving toward more durable profitability. Why Chime Financial Rallied in August
• Neutral Sentiment: Market momentum: Analysts and financial media continue to characterize CHYM as a momentum stock, with interest also linked to broader institutional adoption of crypto and stablecoins. These themes may support demand for the shares but do not materially change Chime’s near-term fundamentals. Why Chime Financial Is a Momentum Pick
• Negative Sentiment: Deal and valuation risks: Chime must spend $590 million in cash and still faces regulatory approval, integration and execution risks. With shares near their 12-month high and the company’s trailing earnings still negative, investors may take profits or demand evidence that the acquisition produces the projected synergies.

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.