Morgan Stanley initiated coverage of Chime (CHYM) with an Overweight rating and $39 price target The firm says the company’s proven ability to win primary account status while driving consistent customer growth and generate strong uptake on relevant new financial products provides confidence that the company can execute against a “sizeable” demographic opportunity in the U.S. The analyst views Chime’s risk to debit exemption as low.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
- Chime Financial, Inc.: Hold Rating Amid Profitability Challenges and Growth Potential