Chime Financial (NASDAQ:CHYM) Given New $42.00 Price Target at Scotiabank

Chime Financial (NASDAQ:CHYM) had its price target boosted by equities research analysts at Scotiabank from $40.00 to $42.00 in a research note issued on Wednesday, Benzinga reports. The brokerage presently has a “sector outperform” rating on the stock. Scotiabank’s target price would indicate a potential upside of 21.56% from the stock’s current price.

A number of other equities research analysts have also recently commented on CHYM. UBS Group increased their price objective on shares of Chime Financial from $28.00 to $31.00 and gave the company a “neutral” rating in a research note on Wednesday. Morgan Stanley upped their price target on shares of Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a report on Wednesday. Zacks Research upgraded shares of Chime Financial from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, August 18th. 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 research note on Thursday, August 6th. Finally, Piper Sandler lifted their price objective on Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research report on Wednesday. Four investment analysts have rated the stock with a Strong Buy rating, sixteen have issued a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $35.00.

Chime Financial Stock Up 6.9%

Shares of CHYM traded up $2.24 on Wednesday, reaching $34.55. The stock had a trading volume of 13,441,871 shares, compared to its average volume of 5,331,340. Chime Financial has a twelve month low of $15.88 and a twelve month high of $35.55. The firm has a market capitalization of $13.08 billion, a PE ratio of -493.50 and a beta of 0.60. The firm has a 50-day moving average of $26.98 and a 200 day moving average of $22.25.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings data on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.01) by $0.08. The firm 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 business’s revenue for the quarter was up 26.8% compared to the same quarter last year. During the same period in the prior year, the firm posted ($7.29) earnings per share. On average, sell-side analysts anticipate that Chime Financial will post 0.43 earnings per share for the current fiscal year.

Insider Activity at Chime Financial

In other news, insider Ryan King sold 375,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The shares were sold at an average price of $30.27, for a total transaction of $11,351,250.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at 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 company’s stock in a transaction on Wednesday, August 19th. The shares were 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 in the company, valued at $13,248,953.58. This represents a 91.66% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 13,879,790 shares of company stock valued at $451,025,723. Company insiders own 12.30% of the company’s stock.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors have recently modified their holdings of CHYM. Engineers Gate Manager LP bought a new position in shares of Chime Financial during the second quarter worth about $1,810,000. Arizona State Retirement System bought a new stake in Chime Financial in the second quarter valued at about $692,000. Light Street Capital Management LLC raised its stake in Chime Financial by 5.8% during the second quarter. Light Street Capital Management LLC now owns 2,199,089 shares of the company’s stock valued at $45,037,000 after buying an additional 121,474 shares in the last quarter. Allianz Asset Management GmbH acquired a new stake in Chime Financial during the second quarter valued at approximately $7,828,000. Finally, California State Teachers Retirement System acquired a new stake in shares of Chime Financial during the 2nd quarter valued at approximately $59,367,000.

More Chime Financial News

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

• Positive Sentiment: Stride Bank acquisition strengthens Chime’s platform. Chime agreed to acquire its longtime banking partner, Stride Bank, for $590 million in cash. The transaction would give Chime a nationally chartered bank subsidiary, bringing key banking infrastructure and greater control over lending in-house. Analysts and market commentary suggest the deal could generate more than $100 million in net synergies. Reuters article
• Positive Sentiment: Management raised its outlook. Reports on the Stride transaction indicate Chime increased its 2026 revenue guidance to as much as $2.77 billion, reinforcing expectations for continued growth and improved operating leverage. Seeking Alpha article
• Positive Sentiment: Analysts raised targets and initiated bullish coverage. Canaccord lifted its target to $50 with a buy rating; Loop Capital initiated coverage at buy with a $45 target; and Barclays, KeyCorp, Piper Sandler, and Morgan Stanley raised targets to $40 while maintaining overweight ratings. These targets imply substantial potential upside from recent trading levels.
• Positive Sentiment: Momentum remains favorable. Zacks included CHYM on its Rank #1 (Strong Buy) momentum list, while recent coverage has highlighted a potential technical breakout following the acquisition and stronger guidance. Zacks article
• Negative Sentiment: Not all analysts see immediate upside. UBS raised its price target from $28 to $31 but retained a neutral rating, leaving its target below the recent share price. This indicates some concern that the acquisition’s benefits may already be reflected in the valuation or that execution risks remain.

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.