Chime Wins Price Target Hikes On Stride Deal And Raised Guidance, But Shares Slash Early Gains The recent deal between mobile financial company Chime and Oklahoma based Stride Bank has sent shockwaves through Wall Street.
Analysts are hailing the acquisition as a significant coup for Chime, hiking their price targets and boosting the company's outlook.
However, the market's initial euphoria quickly gave way to caution, with Chime's shares slumping early in the trading day.