JPMorgan analyst Tien-tsin Huang initiated coverage of Chime (CHYM) with an Overweight rating and $40 price target The firm says the company “cracked the code” of scaling financial services. It sees attractive earnings power potential as Chime grows its consumer platform of 8.6M members, with a revenue model that is asset light and spend-centric.
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Read More on CHYM:
- Chime Financial, Inc.: Balancing Growth Potential and Valuation Concerns with a Hold Rating
- Chime Financial: Strong Market Position and Growth Potential Drive Buy Rating
- Chime Financial: Innovative Non-Bank Growth with Strong Revenue and User Engagement Prospects
- Chime initiated with a Neutral at Goldman Sachs
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