Wall Street Bullish on Chime Financial, Inc. (CHYM)

Chime Financial, Inc. (NASDAQ:CHYM) is one of the Oversold Growth Stocks to Buy According to Analysts. Wall Street is bullish on Chime Financial, Inc. (NASDAQ:CHYM) after the company topped estimates for its inaugural quarter as a publicly listed company.

The company delivered $528.15 million in revenue, which topped estimates by $25.36 million. Moreover, the EPS of $0.12 also topped estimates by $5.05. Management also provided future guidance and is expecting third-quarter revenue between $525 million and $535 million, reflecting between 24% and 27% growth. Whereas the full-year revenue is expected to be between $2.135 billion and $2.155 billion, reflecting between 28% and 29% growth.

Several analysts have reiterated their bullish sentiment. For instance, on September 11, James Faucette from Morgan Stanley reiterated a Buy rating on Chime Financial, Inc. (NASDAQ:CHYM) with a price target of $40. More recently, on September 14, Jeff Cantwell from Seaport Global also reiterated a Buy rating on the stock, while raising the price target from $37 to $42.

Chime Financial, Inc. (NASDAQ:CHYM) is a fintech company that provides banking services through FDIC-insured bank partners.

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Disclosure: None. This article is originally published at Insider Monkey.