Chime Financial (CHYM) Upgraded by Goldman Sachs on Bullish Outlook for New Chime Card Revenue

Chime Financial Inc. (NASDAQ:CHYM) is one of the best new tech stocks to buy right now. On December 1, Goldman Sachs analyst Will Nance upgraded Chime to Buy from Neutral while increasing the price target to $27 from $26. The stock has recently lagged due to investor concerns about slower-than-anticipated volume growth and the company’s unproven profitability. However, Goldman Sachs believes the market is overlooking significant tailwinds from Chime’s new Chime Card, suggesting that increased take rates will substantially outperform consensus estimates.

In Q3 2025, Chime Financial recorded a 29% year-over-year revenue growth to make a total revenue of $543.52 million. This growth was achieved alongside an EPS of $0.08, which beat Street estimates by $0.33. Furthermore, Chime expanded its customer base, seeing a 21% year-over-year increase in active members that reached a total of 9.1 million.

The rollout of the new Chime Card, featuring 1.5% cash back and a titanium option, has been highly successful with new members. The company’s CEO, Chris Britt, noted that 80% of new members’ purchase volume is occurring on the credit side of the card. The company is now focused on rolling the card out to existing members, anticipating a positive contribution to revenue due to higher interchange rates (net of rewards expense).

Chime Financial Inc. (NASDAQ:CHYM) is a financial technology company that provides digital consumer banking and payment solutions.

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