Digital bank Chime rises after Seaport starts coverage at 'buy'

Chime Financial

30/06/2025 11:54

** Digital bank Chime Financial's CHYM.O shares rise 0.8% to $33.33 premarket after Seaport Research starts coverage with "buy" rating

** Brokerage says CHYM passing 10 million active members will put it firmly on the path to sustaining its profitability

** Seaport anticipates CHYM will grow annual revenue in the high 20%-low 30% range over the next two years

** CHYM's sales multiple is reasonable compared with others in its fintech coverage, brokerage says

** Seaport's $37 PT on CHYM represents 11.9% upside to stock's last close

** CHYM went public in New York earlier this month after $864 million IPO

** As of last close, CHYM shares up 22.4% since debut on June 12

 (Reporting by Arasu Kannagi Basil in Bengaluru)

 ((ArasuKannagi.Basil@thomsonreuters.com))