Chime Financial (NASDAQ:CHYM) Stock Gets Price Target Boost from The Goldman Sachs Group

Chime Financial (NASDAQ:CHYM) had its target price hoisted by stock analysts at The Goldman Sachs Group from $38.00 to $43.00 in a research note issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the stock. The Goldman Sachs Group‘s price target indicates a potential upside of 37.25% from the stock’s previous close.

Other equities research analysts have also issued reports about the stock. Keefe, Bruyette & Woods upped their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Thursday, August 6th. Loop Capital started coverage on shares of Chime Financial in a report on Wednesday, September 9th. They issued a “buy” rating and a $45.00 target price on the stock. Deutsche Bank Aktiengesellschaft raised shares of Chime Financial from a “hold” rating to a “buy” rating and upped their price target for the company from $30.00 to $35.00 in a research report on Thursday, October 8th. Barclays increased their price target on Chime Financial from $33.00 to $40.00 and gave the stock an “overweight” rating in a report on Wednesday, September 9th. Finally, UBS Group reissued a “buy” rating on shares of Chime Financial in a research report on Thursday. Three investment analysts have rated the stock with a Strong Buy rating, seventeen have given a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $39.47.

Chime Financial Price Performance

Shares of Chime Financial stock traded up $1.15 during midday trading on Thursday, reaching $31.33. The company had a trading volume of 8,530,008 shares, compared to its average volume of 3,396,881. The stock has a fifty day moving average price of $29.94 and a 200 day moving average price of $23.90. The firm has a market cap of $11.86 billion, a PE ratio of 164.90 and a beta of 0.74. Chime Financial has a fifty-two week low of $15.88 and a fifty-two week high of $35.55.

Chime Financial (NASDAQ:CHYM) last released its earnings results on Wednesday, November 4th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a negative net margin of 0.74% and a negative return on equity of 1.28%. The business had revenue of $718.00 million during the quarter. During the same period in the prior year, the company posted ($0.15) EPS. The business’s revenue for the quarter was up 32.1% compared to the same quarter last year. As a group, sell-side analysts forecast that Chime Financial will post 0.47 EPS for the current year.

Insider Transactions at Chime Financial

In other news, insider Ryan King sold 63,382 shares of the stock in a transaction dated Thursday, November 5th. The shares were sold at an average price of $31.32, for a total transaction of $1,985,124.24. Following the transaction, the insider owned 37,812 shares of the company’s stock, valued at $1,184,271.84. This represents a 62.63% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director James Feuille sold 256,837 shares of the firm’s stock in a transaction that occurred on Wednesday, September 16th. The shares were sold at an average price of $32.33, for a total value of $8,303,540.21. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 16,496,294 shares of company stock valued at $543,320,549. 12.30% of the stock is owned by insiders.

Institutional Investors Weigh In On Chime Financial

A number of institutional investors and hedge funds have recently made changes to their positions in CHYM. AMS Capital Ltda bought a new stake in Chime Financial during the 1st quarter worth approximately $3,439,000. Arrowstreet Capital Limited Partnership raised its stake in shares of 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 worth $51,630,000 after purchasing an additional 2,658,816 shares during the last quarter. Arizona State Retirement System bought a new position in shares of Chime Financial in the second quarter valued at approximately $692,000. Hsbc Holdings PLC bought a new position in shares of Chime Financial in the fourth quarter valued at approximately $1,274,000. Finally, Penn Mutual Asset Management purchased a new position in shares of Chime Financial during the third quarter valued at approximately $6,711,000.

More Chime Financial News

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

About Chime Financial

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.