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Canadian Imperial Bank of Commerce (CM) Stock Forecast & Price Target

$50.12
-0.53 (-1.05%)
(As of 04:27 PM ET)

Canadian Imperial Bank of Commerce - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 9 Wall Street analysts who have issued ratings for Canadian Imperial Bank of Commerce in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 3 have given a hold rating, and 5 have given a buy rating for CM.

Consensus Price Target

$67.00
33.68% Upside
High Forecast$77.00
Average Forecast$67.00
Low Forecast$57.00

According to the 9 analysts' twelve-month price targets for Canadian Imperial Bank of Commerce, the average price target is $67.00. The highest price target for CM is $77.00, while the lowest price target for CM is $57.00. The average price target represents a forecasted upside of 33.68% from the current price of $50.12.

TypeCurrent Forecast
7/25/23 to 7/24/24
1 Month Ago
6/25/23 to 6/24/24
3 Months Ago
4/26/23 to 4/25/24
1 Year Ago
7/25/22 to 7/25/23
Consensus Rating
Hold
Moderate Buy
Moderate Buy
Hold
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
5 Buy rating(s)
5 Buy rating(s)
6 Buy rating(s)
2 Buy rating(s)
Hold
3 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
5 Hold rating(s)
Sell
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
Consensus Price Target$67.00$67.00$63.00$57.50
Forecasted Upside33.68% Upside53.88% Upside58.21% Upside24.80% Upside
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CM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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CM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Canadian Imperial Bank of Commerce Stock vs. The Competition

TypeCanadian Imperial Bank of CommerceFinance CompaniesS&P 500
Consensus Rating Score
2.44
2.45
2.51
Consensus RatingHoldHoldModerate Buy
Predicted Upside32.29% Upside35.87% Upside9.25% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
3 of 5 stars
J. Shea
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Initiated CoverageNeutral
6/3/2024Keefe, Bruyette & Woods
4 of 5 stars
M. Rizvanovic
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UpgradeMarket Perform ➝ Outperform
5/31/2024BMO Capital Markets
3 of 5 stars
 Boost TargetOutperform ➝ Outperform$74.00 ➝ $77.00+56.76%
3/20/2024Barclays
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 Initiated CoverageUnderweight
2/22/2024Jefferies Financial Group
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 Initiated CoverageBuy
2/20/2024Scotiabank
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 UpgradeSector Perform ➝ Sector Outperform
12/20/2023National Bank Financial
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 UpgradeSector Perform ➝ Outperform
12/18/2023Bank of America
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 UpgradeUnderperform ➝ Neutral
9/1/2023Royal Bank of Canada
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 Lower TargetSector Perform ➝ Sector Perform$72.00 ➝ $67.00+68.26%
5/10/2023Canaccord Genuity Group
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 UpgradeHold ➝ Buy
5/9/2023CIBC
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 UpgradeHold ➝ Buy
12/9/2022Credit Suisse Group
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 DowngradeOutperform ➝ Neutral
11/15/2022TD Securities
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Mario Mendonca
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DowngradeBuy ➝ HoldC$74.00 ➝ C$65.00
8/29/2022Desjardins
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Doug Young
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Lower TargetHold ➝ HoldC$74.00 ➝ C$73.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:54 PM ET.

CM Forecast - Frequently Asked Questions

What is Canadian Imperial Bank of Commerce's forecast for 2024?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Imperial Bank of Commerce is $67.00, with a high forecast of $77.00 and a low forecast of $57.00.

Should I buy or sell Canadian Imperial Bank of Commerce stock right now?

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There is currently 1 sell rating, 3 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "hold" CM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CM, but not buy additional shares or sell existing shares.

Does Canadian Imperial Bank of Commerce's stock price have much upside?

According to analysts, Canadian Imperial Bank of Commerce's stock has a predicted upside of 53.88% based on their 12-month stock forecasts.

Has Canadian Imperial Bank of Commerce been upgraded by Wall Street analysts recently?

Over the previous 90 days, Canadian Imperial Bank of Commerce's stock had 1 upgrade by analysts.

What analysts cover Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce has been rated by research analysts at BMO Capital Markets, Keefe, Bruyette & Woods, and UBS Group in the past 90 days.

Do Wall Street analysts like Canadian Imperial Bank of Commerce more than its competitors?

Analysts like Canadian Imperial Bank of Commerce less than other "finance" companies. The consensus rating score for Canadian Imperial Bank of Commerce is 2.44 while the average consensus rating score for "finance" companies is 2.45. Learn more on how CM compares to other companies.


This page (NYSE:CM) was last updated on 7/24/2024 by MarketBeat.com Staff

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