Chime rises on upbeat annual revenue forecast, quarterly revenue beat
CHYM•Full-year revenue outlook lifted
On Wednesday, the company lifted its full-year 2026 revenue growth forecast to between 25% and 26%, versus analysts' expectations of 22.7%, according to estimates compiled by LSEG.
Shares rise in premarket trading
Shares of fintech company Chime rose 6.4% to $27.6 in premarket trading.
Analyst sentiment remains positive
19 of 22 analysts rate the stock "strong buy" or "buy" and three rate it "hold"; their median price target is $33, according to data compiled by LSEG.
As of the last close, the stock was up 3% year to date.
Second-quarter revenue beats estimates
Q2 revenue rose 27% to $670 million for the three months ended June 30, ahead of estimates of $640.4 million.
At least two brokerages have raised price targets following the results.
