UBS Group Forecasts Strong Price Appreciation for Chime Financial (NASDAQ:CHYM) Stock

Chime Financial (NASDAQ:CHYM) had its price objective boosted by UBS Group from $26.00 to $28.00 in a research note issued on Thursday,Benzinga reports. The firm currently has a “neutral” rating on the stock. UBS Group’s price objective would suggest a potential downside of 3.78% from the company’s previous close.

Several other research analysts have also recently weighed in on CHYM. Compass Point upgraded shares of Chime Financial from a “neutral” rating to a “buy” rating and dropped their price objective for the stock from $33.00 to $27.00 in a research report on Monday, April 13th. Piper Sandler lifted their target price on Chime Financial from $30.00 to $35.00 and gave the company an “overweight” rating in a research note on Thursday. Barclays began coverage on Chime Financial in a research report on Wednesday, July 8th. They set an “overweight” rating and a $26.00 target price for the company. Keefe, Bruyette & Woods upped their price target on Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and issued a $32.00 price target on shares of Chime Financial in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating, three have given a Hold rating and one has issued 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 $31.06.

Chime Financial Stock Down 6.9%

CHYM opened at $29.10 on Thursday. The firm has a market capitalization of $11.09 billion, a P/E ratio of -415.65 and a beta of 0.31. The stock’s 50 day moving average price is $20.52 and its two-hundred day moving average price is $20.83. Chime Financial has a 12-month low of $15.88 and a 12-month high of $33.41.

Chime Financial (NASDAQ:CHYM) last posted its 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 1.27% and a negative net margin of 0.74%.Chime Financial’s quarterly revenue was up 26.8% compared to the same quarter last year. During the same quarter last year, the business earned ($7.29) EPS. As a group, analysts anticipate that Chime Financial will post 0.32 earnings per share for the current year.

Insider Buying and Selling

In other Chime Financial news, CAO Amine Asmerom sold 10,000 shares of the stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total value of $250,000.00. Following the sale, the chief accounting officer directly owned 226,946 shares in the company, valued at approximately $5,673,650. This trade represents a 4.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, General Counsel Adam B. Frankel sold 3,000 shares of Chime Financial stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.50, for a total transaction of $52,500.00. Following the transaction, the general counsel directly owned 303,795 shares in the company, valued at approximately $5,316,412.50. This represents a 0.98% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 16,000 shares of company stock worth $356,500 over the last quarter. 12.30% of the stock is currently owned by corporate insiders.

Institutional Trading of Chime Financial

Several hedge funds have recently added to or reduced their stakes in CHYM. JPMorgan Chase & Co. bought a new stake in shares of Chime Financial in the second quarter worth about $693,000. Legal & General Group Plc bought a new position in shares of Chime Financial during the second quarter worth about $136,000. Russell Investments Group Ltd. bought a new position in shares of Chime Financial during the second quarter worth about $958,000. EverSource Wealth Advisors LLC acquired a new stake in Chime Financial in the 2nd quarter valued at approximately $33,000. Finally, Marshall Wace LLP bought a new stake in Chime Financial in the 2nd quarter valued at approximately $9,087,000.

Trending Headlines about Chime Financial

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

• Positive Sentiment: Chime reported second-quarter earnings of $0.07 per share, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, supported by stronger user engagement and continued adoption of its digital banking and lending products. Chime Financial stock surges after strong Q2 beat
• Positive Sentiment: Management forecast third-quarter revenue of approximately $680 million to $690 million and projected 2026 revenue of $2.725 billion to $2.745 billion, reinforcing expectations for continued growth. Direct-deposit relationships are also helping Chime expand into lending and other financial products. Chime forecasts 2026 revenue and workforce reduction
• Positive Sentiment: Several analysts raised their price targets after the earnings release. Barclays increased its target to $33 and kept an overweight rating; Morgan Stanley raised its target to $33 with an overweight rating; Piper Sandler raised its target to $35; and BMO, Goldman Sachs, KBW, B. Riley and Canaccord also issued higher targets, with Canaccord at $45 and a buy rating. Analyst price-target updates
• Neutral Sentiment: UBS raised its target to $28 but retained a neutral rating, implying the shares may already reflect much of the improved outlook. UBS Chime Financial price target
• Negative Sentiment: Chime plans to reduce its workforce by roughly 10%. While the move could improve efficiency and profitability, it may signal tighter expense controls and create execution or morale risks. The planned departure of CFO Matt Newcomb adds another leadership-transition concern.
• Neutral Sentiment: Chief Accounting Officer Amine Asmerom sold 10,000 shares for $250,000 under a pre-arranged Rule 10b5-1 plan. Because the sale was scheduled in advance and represents only 4.22% of his holdings, it is a limited signal.

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.