Street View: Multiple brokerages initiate coverage on digital bank Chime

** Digital bank Chime Financial CHYM shares up ~3% at $32.25 after multiple brokerages initiate coverage

** CHYM went public in New York last month

** Brokerage Seaport started coverage with a "buy" rating in the same month

BROKERAGES SEE GROWTH

** Piper Sandler ("overweight", PT: $40) says Chime is well-positioned to further penetrate as a banking service provider for lower-income Americans

** Evercore ("outperform", PT: $38) says Chime has established early leadership in the mass-market digital banking space and is positioned to deliver more than 20% topline growth with expanding margins over the next several years

** UBS ("neutral", PT: $35) says Chime is positioned to continue gaining share in the consumer banking space, which is largely dominated by traditional banks

** Deutsche Bank ("hold", PT: $35) expects relatively high volatility in the shares in the near term and points to the macro-sensitive nature of CHYM's core user