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Stock impact report

Why Chime Financial Stock Was Music to Investor Ears in December [Yahoo! Finance]

Chime Financial, Inc. - Class A (CHYM) 
Company Research Source: Yahoo! Finance
10 stocks we like better than Chime Financial › The holiday month brought fintech Chime Financial (NASDAQ: CHYM) one of the best gifts a stock can receive -- a substantial bump higher in price. Across December, Chime's shares rose by more than 19%, lifted by a set of factors that included a recommendation upgrade from a prominent bank and a positive research note by an analyst who's now tracking the company. The bullish tone was set by that upgrade, which was made before market open on Dec. 1 by Goldman Sachs pundit Will Nance. According to his new evaluation, Chime stock is now a buy, up from Nance's previous tag of neutral. The new price target is $27 per share. According to reports, the analyst's move is based on the company's new Chime Card, an innovative credit product that represents an evolution of the secured credit card (i.e., plastic that must be backed by a user's actual funds). In Nance's estimation, as a next-generation credit product, the Chime Card should earn Show less Read more
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