Chime Financial (NASDAQ:CHYM) Coverage Initiated by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. assumed coverage on shares of Chime Financial (NASDAQ:CHYM) in a research report report published on Monday, MarketBeat Ratings reports. The brokerage issued an overweight rating and a $40.00 price target on the stock.

A number of other research firms have also recently weighed in on CHYM. William Blair assumed coverage on Chime Financial in a research report on Monday. They set an “outperform” rating on the stock. Seaport Res Ptn upgraded shares of Chime Financial to a “strong-buy” rating in a research report on Monday, June 30th. Evercore ISI assumed coverage on shares of Chime Financial in a research note on Monday. They issued an “outperform” rating and a $38.00 price objective for the company. Wall Street Zen upgraded shares of Chime Financial to a “hold” rating in a research note on Saturday, June 21st. Finally, Barclays assumed coverage on shares of Chime Financial in a report on Monday. They issued an “overweight” rating and a $40.00 target price for the company. Five analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $37.83.

Chime Financial Trading Down 0.2%

NASDAQ CHYM opened at $31.03 on Monday. Chime Financial has a fifty-two week low of $28.21 and a fifty-two week high of $44.94.

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.