Chime Financial (NASDAQ:CHYM) Price Target Lowered to $34.00 at JPMorgan Chase & Co.

Chime Financial (NASDAQ:CHYM) had its target price decreased by equities research analysts at JPMorgan Chase & Co. from $40.00 to $34.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price target would suggest a potential upside of 87.95% from the company’s current price.

A number of other research analysts have also recently commented on the company. Arete initiated coverage on Chime Financial in a research report on Tuesday, September 30th. They issued a “buy” rating and a $34.00 price target on the stock. Piper Sandler decreased their price target on Chime Financial from $35.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday. Deutsche Bank Aktiengesellschaft assumed coverage on Chime Financial in a research report on Thursday, July 17th. They issued a “hold” rating and a $35.00 target price on the stock. UBS Group decreased their target price on Chime Financial from $37.00 to $24.00 and set a “neutral” rating on the stock in a research report on Thursday. Finally, William Blair reiterated an “outperform” rating on shares of Chime Financial in a research report on Tuesday, September 30th. Two equities research analysts have rated the stock with a Strong Buy rating, ten have assigned a Buy rating, five have given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, Chime Financial presently has a consensus rating of “Moderate Buy” and an average price target of $31.93.

Chime Financial Stock Performance

Shares of CHYM traded down $1.03 during midday trading on Thursday, reaching $18.09. 11,341,975 shares of the stock were exchanged, compared to its average volume of 3,151,207. Chime Financial has a twelve month low of $16.17 and a twelve month high of $44.94. The firm has a 50 day moving average of $21.30.

Chime Financial (NASDAQ:CHYM) last posted its earnings results on Wednesday, November 5th. The company reported ($0.15) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.25) by $0.10. During the same period last year, the company posted ($0.34) EPS. The firm’s revenue for the quarter was up 28.8% on a year-over-year basis. Chime Financial has set its FY 2025 guidance at EPS. Q4 2025 guidance at EPS.

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. PFG Investments LLC acquired a new position in shares of Chime Financial in the second quarter worth approximately $350,000. Hennessy Advisors Inc. acquired a new position in shares of Chime Financial in the second quarter worth approximately $207,000. MADDEN SECURITIES Corp acquired a new position in Chime Financial in the second quarter valued at approximately $582,000. Board of Trustees of The Leland Stanford Junior University acquired a new position in Chime Financial in the second quarter valued at approximately $1,453,000. Finally, Jennison Associates LLC acquired a new position in Chime Financial in the second quarter valued at approximately $3,766,000.

About Chime Financial

Chime is a financial technology company that partners with federally regulated, FDIC-insured banks—The Bancorp Bank, N.A. and Stride Bank, N.A., Members FDIC—to provide consumer banking products and services. The company’s model is designed to eliminate common fees and simplify access to basic financial services.

Chime does not charge overdraft fees, monthly service fees, or require minimum balances.