Seaport starts Chime with a Buy, sees ‘right recipe’ for growth

As previously reported, Seaport Research initiated coverage of Chime (CHYM) with a Buy rating and $37 price target Chime has the “right recipe” for driving ongoing improvement in its financial performance in the coming years, including a strong brand, plenty of greenfield space and an opportunity to deepen its customer relationships, says the analyst, who thinks Chime will grow its revenue in the high 20%-low 30% range on an annual basis over the next two years while also having opportunity to improve its profitability and margin profile.