Chime Financial Inc (NASDAQ:CHYM) announced plans to acquire Stride Bank for $590 million in cash, creating wholly owned Chime Bank, N.A.

“We founded Chime because mainstream America deserved better banking,” said Chris Britt, CEO and Co-founder of Chime. “Our member-aligned, technology-driven strategy will remain the same. This acquisition will make our proven model even stronger. By combining Chime’s leading brand and deep member relationships with Stride’s national charter and team, we will accelerate toward our vision to be the largest provider of primary bank accounts in America.”

Chime Financial also said it expects third-quarter revenue of $705 million, up 30% year over year and sees FY26 revenue of $2.76 billion – $2.77 billion, up 26% to 27% year over year.

Chime Financial shares jumped 9.7% to $35.48 in pre-market trading.

These analysts made changes to their price targets on Chime Financial following the announcement.

  • Canaccord Genuity analyst Joseph Vafi maintained the stock with a Buy and raised the price target from $45 to $50.
  • Keybanc analyst Alex Markgraff maintained the stock with an Overweight rating and raised the price target from $33 to $40.
  • Barclays analyst Nik Cremo maintained the stock with an Overweight rating and raised the price target from $33 to $40.

Considering buying CHYM stock? Here’s what analysts think:

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