Analysts Offer Insights on Financial Companies: Rocket Companies (RKT) and Chime Financial, Inc. Class A (CHYM)

There’s a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Rocket Companies (RKT – Research Report) and Chime Financial, Inc. Class A (CHYM – Research Report) with bullish sentiments.

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Rocket Companies (RKT)

BTIG analyst Eric Hagen maintained a Buy rating on Rocket Companies today and set a price target of $25.00. The company’s shares closed last Thursday at $16.26.

According to TipRanks.com, Hagen is a 4-star analyst with an average return of 4.1% and a 54.9% success rate. Hagen covers the NA sector, focusing on stocks such as Ellington Financial, AGNC Investment, and Rithm Capital. ;'>

The word on The Street in general, suggests a Hold analyst consensus rating for Rocket Companies with a $13.83 average price target, implying a -14.7% downside from current levels. In a report released yesterday, Bank of America Securities also reiterated a Buy rating on the stock with a $24.00 price target.

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Chime Financial, Inc. Class A (CHYM)

In a report issued on October 4, Andrew Jeffrey from William Blair reiterated a Buy rating on Chime Financial, Inc. Class A. The company’s shares closed last Thursday at $21.28, close to its 52-week low of $19.85.

According to TipRanks.com, Jeffrey is a 5-star analyst with an average return of 14.5% and a 64.3% success rate. Jeffrey covers the Technology sector, focusing on stocks such as Bill.com Holdings, Shift4 Payments, and Affirm Holdings. ;'>

Currently, the analyst consensus on Chime Financial, Inc. Class A is a Moderate Buy with an average price target of $37.22, a 74.3% upside from current levels. In a report issued on September 30, Arete Research also initiated coverage with a Buy rating on the stock with a $34.00 price target.

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• Rocket Companies price target raised to $20 from $17 at RBC Capital
• Rocket Companies price target raised to $18 from $15 at Keefe Bruyette
• Rocket Companies price target raised to $19 from $16 at Barclays
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