Chime glue user database database increases stock price

KBW Research Analyst Sanjay Sağrani, on July 7, a study note in a study notification notes that Aztemin wins the Pegment in Pegment for Consumers. Gave the “Outperform” rating for Chime, along with a $ 42 price target.

Founded in 2012, traditional financial services such as CHime, free inspection and savings accounts offer traditional financial services to US consumers for $ 100,000 per year. Satrani claims that these daily Americans have not served well by traditional banks.

“Several digital platforms have a technology infrastructure, product market alignment and innovation speed to provide effective and profitable and profitable service of this demographic, and we think that Chime is one of them,” he said.

One of the biggest names in Fintech, Chime has been an IPO candidate for many years, and finally went to the public on June 12. Shares raise 37% during debut. Since then, Chime encountered some initial variation, but managed to stay on top of the shareholder $ 27 IPO price. Shares traded over $ 31 afternoon on Tuesday afternoon.

Wall Street analysts do not typically do research reports for a company, it is also for a quiet period of IPO, which lasts 25 days. Chime went to the public 26 days ago.

Room to grow

Xime is estimated that the annual wage is less than 5% of the total targeted market, which won up to $ 100,000 for $ 100,000. As of March 33, 8.6 million active members, relying on Chime in Chime, as a primitive bank, Fortune before declare.

Sakrani thinks Chime’s “Successful User Database” to manage the growing product of the growing product and making money. Because the new victims are spreading new victims, the average income of the ARPAM occupies the beginning of the average income of the average revenue, because Satrani wrote. (ARPAM is a metric that measures revenues created by active members.)

“As the next 2-3 years, as a potential source of the ARPAM width and close-term expectations, go into contributions that contribute to the modeling of four new product launchers expected within the next 12 months.” Sakrani said.

Chime is not a bank and there is no bank charter. Instead, these partners Bancorp Bank and Stride Bank to ensure their services.

Fintech, several new products in the past few years have started several new products, including instant loans suggestion Users have the ability to access up to $ 500 with a fixed interest rate and Myp3Allowing the appropriate members to get part of their salaries before paying. Sakhrani, in the last two quarters, Chime said that the annual annual income growth was about 45%. According to him, most of the future growth of Chime is expected to come from credit and credit products such as MyPay and instant loans. Since the cottage of these products, these products are at risk and are responsible for bank partners for any standard for free balances. CHIME This new products usually spike and then lower the damage. “The ability to handle this risk will be the basis for the increase in the company’s gain,” he said.

CHIME, instead, a consumer uses a consumer to be a multiple debit or credit card, while using a saving debit or credit card. Fintech reported that $ 1.7 billion earnings for 2024 in the three months ended on March 31 on March 31 the films of the regulation. Satrani, about 75% of Chime’s revenues is based on paid and exchanging.

Various Fintech platforms such as traditional financial institutions from traditional financial institutions from traditional financial institutions such as Chime, Allied and the Capital SOFI, confirmation and cash application (having a block). Many of these platforms have a larger user basics that can give many financial resources or compete advantages to them.

However, the chances of Fintex’s opponents are optimistic about their opponents, “In space, Chime’s host and put the strong trace record of the highly engaged customer base in a competitive way.”