Chime Financial (NASDAQ:CHYM) Given New $40.00 Price Target at JPMorgan Chase & Co.

Chime Financial (NASDAQ:CHYM) had its target price lifted by research analysts at JPMorgan Chase & Co. from $35.00 to $40.00 in a report issued on Thursday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective indicates a potential upside of 32.54% from the company’s previous close.

A number of other equities research analysts also recently issued reports on CHYM. Wolfe Research upped their price target on shares of Chime Financial from $32.00 to $38.00 and gave the company an “outperform” rating in a research note on Tuesday, August 25th. Morgan Stanley increased their price objective on shares of Chime Financial from $39.00 to $40.00 and gave the company an “overweight” rating in a research report on Wednesday, September 9th. Raymond James Financial set a $35.00 price objective on shares of Chime Financial in a research note on Thursday, October 8th. Piper Sandler lifted their price objective on shares of Chime Financial from $35.00 to $40.00 and gave the stock an “overweight” rating in a research note on Wednesday, September 9th. Finally, Weiss Ratings upgraded shares of Chime Financial from a “sell (e+)” rating to a “sell (d-)” rating in a report on Thursday, September 3rd. Three investment analysts have rated the stock with a Strong Buy rating, eighteen have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of “Buy” and a consensus target price of $39.32.

Chime Financial Stock Performance

Shares of CHYM traded up $0.31 during mid-day trading on Thursday, hitting $30.18. 8,299,697 shares of the stock were exchanged, compared to its average volume of 5,337,908. The company has a market cap of $11.43 billion, a PE ratio of -431.08 and a beta of 0.74. Chime Financial has a 52-week low of $15.88 and a 52-week high of $35.55. The firm has a 50-day moving average of $30.04 and a two-hundred day moving average of $23.85.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 4th. The company reported $0.11 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Chime Financial had a negative return on equity of 1.28% and a negative net margin of 0.74%. The firm had revenue of $718.00 million during the quarter. During the same quarter in the prior year, the company posted ($0.15) earnings per share. The firm’s revenue was up 32.1% compared to the same quarter last year. On average, sell-side analysts predict that Chime Financial will post 0.46 EPS for the current year.

Insider Buying and Selling at Chime Financial

In related news, major shareholder Global Advisors Ltd Dst sold 4,456,157 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $32.66, for a total transaction of $145,538,087.62. Following the sale, the insider owned 405,663 shares in the company, valued at approximately $13,248,953.58. This represents a 91.66% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 16,432,912 shares of company stock worth $541,335,425. Insiders own 12.30% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Spyglass Capital Management LLC increased its position in Chime Financial by 162.6% during the second quarter. Spyglass Capital Management LLC now owns 3,406,249 shares of the company’s stock valued at $69,760,000 after acquiring an additional 2,109,057 shares during the last quarter. 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 valued at $51,630,000 after acquiring an additional 2,658,816 shares during the period. Light Street Capital Management LLC raised its stake in shares of Chime Financial by 5.8% in 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 acquiring an additional 121,474 shares during the period. Lunate Capital Ltd bought a new stake in shares of Chime Financial in the 3rd quarter worth about $48,212,000. Finally, Atreides Management LP lifted its holdings in shares of Chime Financial by 7.9% in the 1st quarter. Atreides Management LP now owns 1,622,734 shares of the company’s stock worth $30,394,000 after acquiring an additional 118,946 shares during the last quarter.

More Chime Financial News

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

• Positive Sentiment: Chime reported Q3 revenue of $718 million, up 32.1% year over year, and EPS of $0.11 versus analysts’ $0.09 estimate. Reports also highlighted a third consecutive GAAP-profit quarter, with lending growth contributing to results. Reuters: Chime raises annual revenue forecast on robust demand
• Positive Sentiment: The company raised its annual revenue forecast, citing robust demand, and projected Q4 revenue of $757 million to $767 million—signaling continued growth. Chime Q4 revenue forecast and Stride update
• Positive Sentiment: Goldman Sachs raised its price target from $38 to $43 and reiterated a Buy rating. Scotiabank lifted its target from $42 to $44 and assigned a Sector Outperform rating, reflecting increased analyst optimism. Goldman Sachs analyst recommendations Scotiabank analyst recommendations
• Neutral Sentiment: Chime is targeting a close of its Stride acquisition in the first half of 2027. The deal may offer strategic opportunity, though its eventual impact depends on closing and integration. Chime Q4 revenue forecast and Stride 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.