Wells Fargo initiated coverage of Chime (CHYM) with an Overweight rating and $25 price target The firm says Chime is a leading digital provider of banking services with an “attractive combination” of growth and profitability. Wells is bullish on the company’s execution and sees upside potential to Q1 estimates. Chime’s “strong” product suite drives the “enviable combination” of growth and improving profitability, contends Wells.
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