Deutsche Bank upgraded Chime Financial (CHYM) to Buy from Hold and raised its price target to $35 from $30. The bank cited growing confidence in the momentum of MyPay and Chime Prime as key drivers of future growth.
The bank expects the products to accelerate customer acquisition and attract a wealthier client base, supporting sustained growth.
Chime shares rose notably in premarket trading after the announcement, despite broader market headwinds.