Rothschild Redburn Begins Coverage of Chime Financial, Assigns Neutral Rating and $29 Target
Rothschild Redburn has opened coverage of Chime Financial (CHYM) with a Neutral rating and a $29.00 price target. Analysts cited the fintech’s partner-led approach for enabling faster expansion without heavy bank infrastructure, while cautioning that an increasing share of lending will shift credit risk to Chime as partner banks near capacity limit…