Canaccord initiated coverage of Chime (CHYM) with a Buy rating and $40 price target The firm says the company’s total addressable market spans a large swath of U.S. consumers, or those making up to $100,000 per year, which would equate to more than half of the U.S. retail banking market. It believes Chime “has grown up and is taking share from the legacy banks day in and day out.”
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