Piper Sandler Forecasts Strong Price Appreciation for Chime Financial (NASDAQ:CHYM) Stock

Chime Financial (NASDAQ:CHYM) had its price objective lifted by stock analysts at Piper Sandler from $30.00 to $35.00 in a report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. Piper Sandler’s target price points to a potential upside of 5.82% from the stock’s previous close.

CHYM has been the topic of a number of other research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a $40.00 target price on shares of Chime Financial in a research note on Friday, July 31st. Texas Capital raised shares of Chime Financial to a “strong-buy” rating in a research note on Tuesday, April 14th. Keefe, Bruyette & Woods lifted their price objective on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Thursday. Compass Point raised shares of Chime Financial from a “neutral” rating to a “buy” rating and lowered their price objective for the company from $33.00 to $27.00 in a research report on Monday, April 13th. Finally, Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chime Financial in a research note on Wednesday, June 3rd. Four analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating, three have issued a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $30.18.

Chime Financial Trading Up 27.6%

NASDAQ CHYM traded up $7.16 during trading hours on Thursday, hitting $33.08. 20,458,624 shares of the company’s stock traded hands, compared to its average volume of 4,795,260. Chime Financial has a 52 week low of $15.88 and a 52 week high of $33.99. The business’s fifty day moving average price is $20.05 and its two-hundred day moving average price is $20.74. The firm has a market capitalization of $12.60 billion, a P/E ratio of -4.45 and a beta of 0.31.

Chime Financial (NASDAQ:CHYM) last issued its quarterly earnings results on Wednesday, August 5th. The company reported $0.07 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 67.86% and a negative net margin of 41.87%.The company’s quarterly revenue was up 26.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($7.29) EPS. On average, sell-side analysts expect that Chime Financial will post 0.3 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, General Counsel Adam B. Frankel sold 3,000 shares of the stock in a transaction on Monday, June 15th. The stock was sold at an average price of $17.50, for a total value of $52,500.00. Following the transaction, the general counsel owned 303,795 shares of the company’s stock, valued at $5,316,412.50. This represents a 0.98% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CAO Amine Asmerom sold 10,000 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $25.00, for a total transaction of $250,000.00. Following the completion of the transaction, the chief accounting officer owned 226,946 shares of the company’s stock, valued at $5,673,650. This represents a 4.22% decrease in their position. 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 sold 16,000 shares of company stock valued at $356,500 over the last ninety days. Insiders own 12.30% of the company’s stock.

Hedge Funds Weigh In On Chime Financial

A number of hedge funds and other institutional investors have recently made changes to their positions in CHYM. PNC Financial Services Group Inc. purchased a new position in Chime Financial during the fourth quarter worth about $25,000. EverSource Wealth Advisors LLC purchased a new position in shares of Chime Financial during the 2nd quarter worth approximately $33,000. Scopus Asset Management L.P. purchased a new position in Chime Financial in the second quarter worth $34,000. Caitong International Asset Management Co. Ltd lifted its holdings in Chime Financial by 686.0% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock valued at $37,000 after acquiring an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new stake in shares of Chime Financial during the 2nd quarter worth $40,000.

Key Chime Financial News

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

• Positive Sentiment: Chime reported second-quarter EPS of $0.07, versus the consensus estimate of a $0.01 loss. Revenue increased 26.8% year over year to $669.77 million, while management said margins expanded and the company achieved a second consecutive quarter of GAAP profitability. Chime Reports Second Quarter 2026 Financial Results
• Positive Sentiment: Chime forecast third-quarter revenue of $680 million to $690 million, above the $669.5 million analyst consensus. The company also raised its 2026 revenue outlook to approximately $2.725 billion-$2.745 billion, citing demand for digital banking products, Chime Prime, liquidity products and employer partnerships. Chime 2026 Revenue Forecast and Workforce Reduction
• Positive Sentiment: Analysts raised their targets following the results: B. Riley lifted its target to $37 with a “buy” rating, Keefe, Bruyette & Woods raised its target to $35 with an “outperform” rating, Goldman Sachs increased its target to $33 with a “buy” rating, and BMO raised its target to $32 while maintaining “outperform.”
• Neutral Sentiment: Chime said CFO Matt Newcomb will step down, creating a leadership transition investors will monitor. Chime Revenue Forecast and CFO Departure
• Negative Sentiment: The company plans to reduce its workforce by approximately 10%. While the move could lower expenses and support margins, it may also signal a more cautious approach to growth and creates execution risk.
• Neutral Sentiment: CAO Amine Asmerom sold 10,000 shares under a pre-arranged Rule 10b5-1 plan. The planned nature of the transaction limits its bearish significance.

Chime Financial Company Profile

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.