Chime Financial, Inc. (NASDAQ:CHYM) is one of the 11 Best Tech Stocks Under $50 to Buy Now. On March 4, KeyBanc initiated coverage on Chime Financial, Inc. (NASDAQ:CHYM), giving the stock an Overweight rating and setting the price target at $30. The research firm based its price target on 5 times the company’s expected gross profit for fiscal year 2026.

KeyBanc analyst Alex Markgraff described Chime Financial, Inc. (NASDAQ:CHYM) as a leader in its category. The analyst noted that the company has significant room to grow its market share in the US retail banking sector. KeyBanc believes that the company’s differentiated tech stack could support strong product innovation and the company’s unit economics provide a solid base for model profitability.

The research firm also expects credit-related revenue to be a major growth driver for Chime Financial, Inc. (NASDAQ:CHYM). In addition, KeyBanc noted that liquidity products are essential for the population sector that the company serves. The firm added that the secured and short-term nature of the company’s credit portfolio makes KeyBanc comfortable even when the company’s credit business is in its early stages.

Chime Financial, Inc. (NASDAQ:CHYM) is an American financial technology company that provides a wide range of low-cost banking and payments products and services.

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