Chime Financial rises as KeyBanc starts coverage with 'overweight' rating

Chime Financial

04/03/2026 11:45

** 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

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com;))