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Chime rises after lifting annual revenue growth forecast

By Reuters News

** Shares of fintech firm Chime Financial CHYM.O rise 3% to $30.76 in morning trading

** Chime raised its annual revenue growth forecast on Wednesday after the market's close

** Co now expects revenue growth of 28% in 2026, compared with estimates of 26.6%, according to data compiled by LSEG

** CHYM forecast Q4 revenue between $757 mln and $767 mln, above analysts' estimates of $745.6 mln

** "Chime sits in the digital banking sweet spot, in our opinion, having cracked the code on new member acquisition," said William Blair analyst Andrew W. Jeffrey in a note.

** 20 of 26 brokerages rate the stock "buy" or higher, two "hold"; their median PT is $41

** Including session's move, CHYM up 21.6% YTD

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