Deutsche Bank upgrades Chime Financial to Buy and raises price target to $35
On October 8, 2026 Deutsche Bank lifted its rating on Chime Financial from Hold to Buy and increased the price target from $30 to $35. The bank highlighted strong product momentum in MyPay and Chime Prime, as well as a 27% revenue jump and GAAP profitability in Q2 2026. It also raised its FY2027 adjusted EBITDA estimate by $71 million. In the same week Chime announced a cash acquisition of Stride Bank for $590 million.
Why it matters
Deutsche Bank says the upgrade and higher target imply roughly a 25% upside from the current $27.93 price, offering potential upside for investors. The acquisition of Stride Bank is expected to add a federally chartered bank and generate synergies that could improve Chime’s revenue mix.
Key facts
- 1Deutsche Bank changed Chime's rating from Hold to Buy on October 8, 2026. gurufocus.com
- 2Deutsche Bank raised the price target from $30 to $35. gurufocus.com
- 3Chime's Q2 2026 revenue grew 27%. investing.com
- 4Chime achieved GAAP profitability in Q2 2026. investing.com
- 5Deutsche Bank increased FY2027 adjusted EBITDA estimate by $71 million to $778 million. investing.com
- 6Chime announced a cash acquisition of Stride Bank for $590 million. investing.com
Summary written by AlphAI from 3 of 3 sources. Not investment advice. Figures are as stated by the linked sources.