JPMorgan Chase & Co. Forecasts Strong Price Appreciation for Chime Financial (NASDAQ:CHYM) Stock

Chime Financial (NASDAQ:CHYM) had its price target upped by equities researchers at JPMorgan Chase & Co. from $35.00 to $40.00 in a report released on Thursday, Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 27.67% from the company’s previous close.

Several other research analysts have also recently weighed in on the stock. B. Riley Financial boosted their price objective on shares of Chime Financial from $37.00 to $44.00 and gave the stock a “buy” rating in a research report on Monday, September 14th. Wolfe Research upped their price target on Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley raised their price target on Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday, September 9th. UBS Group reiterated a “buy” rating on shares of Chime Financial in a research report on Thursday. Finally, Wall Street Zen raised Chime Financial from a “hold” rating to a “buy” rating in a report on Saturday, July 25th. Three research analysts have rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating, two have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $39.47.

Chime Financial Trading Up 3.8%

NASDAQ CHYM traded up $1.15 on Thursday, hitting $31.33. 8,530,008 shares of the company were exchanged, compared to its average volume of 3,396,881. The firm has a 50 day moving average of $29.94 and a two-hundred day moving average of $23.90. The company has a market cap of $11.86 billion, a P/E ratio of 164.90 and a beta of 0.74. Chime Financial has a 1-year low of $15.88 and a 1-year high of $35.55.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, topping analysts’ consensus estimates of $0.09 by $0.02. The firm had revenue of $718.00 million for the quarter. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The firm’s revenue was up 32.1% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.15) EPS. Research analysts anticipate that Chime Financial will post 0.47 EPS for the current fiscal year.

Insider Activity

In related news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of Chime Financial stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total transaction of $145,538,087.62. Following the completion of the sale, the insider directly owned 405,663 shares of the company’s stock, valued at $13,248,953.58. The trade was a 91.66% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last 90 days, insiders sold 16,496,294 shares of company stock valued at $543,320,549. 12.30% of the stock is owned by company insiders.

Institutional Investors Weigh In On Chime Financial

Several large investors have recently bought and sold shares of CHYM. Spyglass Capital Management LLC boosted its position in shares of Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock worth $69,760,000 after purchasing an additional 2,109,057 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Chime Financial by 2,720.3% in the first quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock valued at $51,630,000 after acquiring an additional 2,658,816 shares during the period. Lunate Capital Ltd bought a new stake in shares of Chime Financial in the third quarter worth about $48,212,000. Light Street Capital Management LLC increased its holdings in shares of Chime Financial by 5.8% in the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock worth $45,037,000 after acquiring an additional 121,474 shares in the last quarter. Finally, Atreides Management LP raised its position in shares of Chime Financial by 7.9% during the first quarter. Atreides Management LP now owns 1,622,734 shares of the company’s stock worth $30,394,000 after purchasing an additional 118,946 shares during the period.

Key Stories Impacting Chime Financial

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

Chime Financial Company Profile

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.