Chime Financial Inc. shares reached a 52-week high on Thursday, closing at $33.81, just 0.98% below the session’s peak of $33.74. The advance follows a second-quarter earnings report that exceeded expectations and prompted upward revisions to full-year guidance.
The San Francisco-based neobank posted a 27% year-on-year increase in second-quarter revenue, while active customer accounts rose 20% to 10.4 million. Adjusted EBITDA margin expanded to 15%, according to figures cited by analysts. Over the past six months, Chime’s stock has gained nearly 50%, and the one-year total return stands at 26.38%.
Wolfe Research raised its price target to $32 from a prior level, maintaining an Outperform rating. Morgan Stanley lifted its target to $33, citing accelerating user growth and profitability gains driven by credit products and the Chime Prime tier. Goldman Sachs noted that Chime recorded one of the largest upward revisions in earnings-per-share estimates among fintech peers.
Chime is also exploring stablecoin integration within its consumer banking platform. Bloomberg reported the company has solicited proposals from blockchain technology firms to provide stablecoin wallet services. Chief Financial Officer Matthew Newcomb will depart the company, though no successor has been named.
Analysts at InvestingPro flagged the stock as overvalued relative to its fair-value estimate, based on data referenced in the report.
