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Morgan Stanley Maintains a Buy Rating on Chime Financial (CHYM)

Chime Financial, Inc. (NASDAQ:CHYM) is one of the Most Promising New Technology Stocks to Buy According to Hedge Funds. On September 11, James Faucette from Morgan Stanley maintained a Buy rating on Chime Financial, Inc. (NASDAQ:CHYM) with a price target of 40.Theanalystnotedthathebelievesthecompanywillnotbehithardbytherecentcourtrulingondebitinterchangefees.ThecourtvacatedtheFederalReservesRegulationII;however,thismainlyaffectsbankswithassetsover40. The analyst noted that he believes the company will not be hit hard by the recent court ruling on debit interchange fees. The court vacated the Federal Reserve’s Regulation II; however, this mainly affects banks with assets over 10 billion. Chime ...