Chime Financial rises as KeyBanc starts coverage with 'overweight' rating
Digital bank Chime Financial's CHYM.O shares rise 2.3% to $23.30 premarket
KeyBanc Capital Markets initiates coverage of CHYM with an "overweight" rating and $30 PT, a 31.7% upside to stock's last close
Says CHYM has a long runway for share gain in U.S. retail banking landscape given its differentiated tech stack and highly engaged member base
"We expect credit-related revenue to be a substantial source of growth and view liquidity products as requisite offerings for the population segment targeted by Chime" - KeyBanc
CHYM last week forecast 2026 revenue above Wall Street estimates and said it expects to achieve profitability this year
13 of 17 brokerages rate the stock "buy" or higher and four "hold"; median PT $30.50 - data compiled by LSEG
As of last close, CHYM stock down 9.5% YTD
