Goldman Sachs Boosts Chime Financial Price Target to $37.00

Analysts at The Goldman Sachs Group have increased their price target for Chime Financial (NASDAQ:CHYM) to $37.00, a potential upside of 11.23% from its current price.

This is just the latest in a string of upgrades from various firms, with UBS Group and Barclays also raising their targets to $31.00 and $40.00 respectively.

Chime Financial has seen significant growth in recent quarters, with its quarterly revenue increasing 26.8% year over year to $669.77 million.

The company's earnings have also exceeded expectations, with a profit of $0.07 per share beating analysts' consensus estimate for a loss.