Chime Financial (NASDAQ:CHYM) Given New $40.00 Price Target at Morgan Stanley

Chime Financial (NASDAQ:CHYM) had its price objective hoisted by analysts at Morgan Stanley from $39.00 to $40.00 in a research report issued to clients and investors on Wednesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Morgan Stanley’s price target would indicate a potential upside of 17.31% from the company’s previous close.

Other analysts also recently issued reports about the stock. Wells Fargo & Company raised their target price on shares of Chime Financial from $33.00 to $39.00 and gave the stock an “overweight” rating in a report on Tuesday, August 25th. Freedom Capital upgraded shares of Chime Financial to a “strong-buy” rating in a report on Thursday, July 23rd. Wall Street Zen raised shares of Chime Financial from a “hold” rating to a “buy” rating in a research report on Saturday, July 25th. Keefe, Bruyette & Woods raised their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Thursday, August 6th. Finally, The Goldman Sachs Group boosted their price objective on shares of Chime Financial from $26.00 to $33.00 and gave the company a “buy” rating in a research report on Thursday, August 6th. Four research analysts have rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, Chime Financial presently has a consensus rating of “Moderate Buy” and a consensus price target of $34.75.

Chime Financial Price Performance

Shares of Chime Financial stock traded up $1.79 during trading hours on Wednesday, hitting $34.10. The company’s stock had a trading volume of 7,569,229 shares, compared to its average volume of 5,295,586. Chime Financial has a 12 month low of $15.88 and a 12 month high of $35.55. The stock has a 50 day moving average of $26.98 and a 200 day moving average of $22.25. The company has a market capitalization of $12.91 billion, a PE ratio of -485.24 and a beta of 0.60.

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

Insider Activity at Chime Financial

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

Hedge Funds Weigh In On Chime Financial

A number of hedge funds have recently bought and sold shares of CHYM. Aspect Management LLC acquired a new position in shares of Chime Financial during the 4th quarter worth approximately $300,361,000. Orland Properties Ltd bought a new position in Chime Financial during the 2nd quarter worth $159,093,000. Scge Management L.P. acquired a new position in Chime Financial in the 2nd quarter valued at $152,563,000. California State Teachers Retirement System bought a new stake in shares of Chime Financial during the 2nd quarter valued at $59,367,000. Finally, Arrowstreet Capital Limited Partnership grew its holdings in shares of Chime Financial by 2,720.3% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 2,756,555 shares of the company’s stock worth $51,630,000 after purchasing an additional 2,658,816 shares in the last quarter.

Key Headlines Impacting Chime Financial

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

• Positive Sentiment: Chime agreed to acquire Stride Bank for $590 million in cash. Stride is Chime’s longtime banking partner and holds a national charter; after closing, it is expected to become Chime Bank, N.A., a wholly owned subsidiary. The deal may reduce reliance on outside banking partners, improve control over lending economics, and produce more than $100 million in potential net synergies. Chime Announces Agreement to Acquire Stride Bank
• Positive Sentiment: The company raised its full-year 2026 revenue guidance to as much as $2.77 billion, reinforcing the investment case for stronger growth following better-than-expected second-quarter results. Chime Financial to Buy Stride and Raise Guidance
• Positive Sentiment: Analysts became more constructive: Canaccord raised its price target from $45 to $50 with a Buy rating, while Barclays and KeyCorp lifted targets to $40 and maintained Overweight ratings. Loop Capital initiated coverage with a Buy rating and a $45 target. Zacks Momentum Stocks List
• Positive Sentiment: Zacks added CHYM to its Rank #1 Strong Buy momentum list, adding to the stock’s recent momentum appeal. Zacks Chime Momentum Analysis
• Neutral Sentiment: The acquisition remains subject to closing conditions and regulatory approvals. Chime must also execute the integration successfully and absorb the substantial cash outlay, creating potential near-term uncertainty despite the strategic benefits. Reuters Stride Bank Acquisition Report

About Chime Financial

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.