Street View: Multiple brokerages initiate coverage on digital bank Chime

ReutersJul 7, 2025 4:52 PM

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Digital bank Chime Financial CHYM.O shares up ~3% at $32.25 after multiple brokerages initiate coverage

CHYM went public in New York last month

Brokerage Seaport started coverage with a "buy" rating in the same month

BROKERAGES SEE GROWTH

Piper Sandler ("overweight", PT: $40) says Chime is well-positioned to further penetrate as a banking service provider for lower-income Americans

Evercore ("outperform", PT: $38) says Chime has established early leadership in the mass-market digital banking space and is positioned to deliver more than 20% topline growth with expanding margins over the next several years

UBS ("neutral", PT: $35) says Chime is positioned to continue gaining share in the consumer banking space, which is largely dominated by traditional banks

Deutsche Bank ("hold", PT: $35) expects relatively high volatility in the shares in the near term and points to the macro-sensitive nature of CHYM's core user

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