Barclays Issues Positive Forecast for Chime Financial (NASDAQ:CHYM) Stock Price

Chime Financial (NASDAQ:CHYM) had its price objective boosted by Barclays from $26.00 to $33.00 in a research note published on Friday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other equities analysts also recently issued reports about the company. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of Chime Financial in a report on Wednesday, June 3rd. Wells Fargo & Company raised their price objective on shares of Chime Financial from $25.00 to $28.00 and gave the stock an “overweight” rating in a report on Thursday, May 7th. BMO Capital Markets upped their target price on shares of Chime Financial from $28.00 to $32.00 and gave the company an “outperform” rating in a report on Thursday. Keefe, Bruyette & Woods increased their target price on shares of Chime Financial from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, Wolfe Research reiterated an “outperform” rating and set a $32.00 price target on shares of Chime Financial in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $31.06.

Chime Financial Price Performance

NASDAQ:CHYM opened at $29.10 on Friday. Chime Financial has a 12 month low of $15.88 and a 12 month high of $33.41. The firm has a market capitalization of $11.09 billion, a PE ratio of -415.65 and a beta of 0.31. The business’s fifty day moving average price is $20.52 and its 200 day moving average price is $20.83.

Chime Financial (NASDAQ:CHYM) last announced 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. Chime Financial had a negative return on equity of 1.27% and a negative net margin of 0.74%.The company had revenue of $669.77 million during the quarter. During the same period last year, the firm earned ($7.29) earnings per share. The firm’s quarterly revenue was up 26.8% on a year-over-year basis. As a group, equities analysts anticipate that Chime Financial will post 0.32 EPS for the current year.

Insider Buying and Selling

In related news, CAO Amine Asmerom sold 10,000 shares of Chime Financial 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 transaction, the chief accounting officer directly owned 226,946 shares in the company, valued at $5,673,650. This trade represents a 4.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 the firm’s stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $17.50, for a total value of $52,500.00. Following the completion of the sale, the general counsel directly 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 SEC filing for this sale provides additional information. In the last three months, insiders sold 16,000 shares of company stock worth $356,500. Corporate insiders own 12.30% of the company’s stock.

Institutional Trading of Chime Financial

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. PNC Financial Services Group Inc. purchased a new stake in Chime Financial in the 4th quarter worth approximately $25,000. EverSource Wealth Advisors LLC purchased a new stake in shares of Chime Financial in the second quarter valued at $33,000. Scopus Asset Management L.P. acquired a new position in Chime Financial in the second quarter valued at $34,000. Caitong International Asset Management Co. Ltd lifted its position in Chime Financial by 686.0% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,462 shares of the company’s stock worth $37,000 after buying an additional 1,276 shares during the period. Finally, Daiwa Securities Group Inc. purchased a new position in Chime Financial during the second quarter worth about $40,000.

More Chime Financial News

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.

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.