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

$64.88 +0.55 (+0.85%)

(As of 11/20/2024 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

Moderate Buy

Based on 8 Analyst Ratings

Sell
1

Hold
1

Buy
6

Based on 8 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 "Moderate Buy." Out of the 8 analysts, 1 has given a sell rating, 1 has given a hold rating, and 6 have given a buy rating for CM.

Consensus Price Target

$81.00
24.85% Upside

According to the 8 analysts' twelve-month price targets for Canadian Imperial Bank of Commerce, the average price target is $81.00. The highest price target for CM is $81.00, while the lowest price target for CM is $81.00. The average price target represents a forecasted upside of 24.85% from the current price of $64.88.

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CM Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$81.00	$81.00	$67.00	$58.50
Forecasted Upside	24.85% Upside	29.58% Upside	23.12% Upside	49.20% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Hold	Hold

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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.

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.

Canadian Imperial Bank of Commerce Stock vs. The Competition

Type	Canadian Imperial Bank of Commerce	Finance Companies	S&P 500
Consensus Rating Score	2.63	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	24.85% Upside	12.91% Upside	9.83% Upside
News Sentiment Rating	Positive News See Recent CM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/30/2024	Cormark 3 of 5 stars	L. Persaud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
8/30/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$77.00 ➝ $81.00	+37.40%
8/30/2024	Bank of America 4 of 5 stars		Upgrade	Neutral ➝ Buy
8/2/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Moderate Buy
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
6/3/2024	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Rizvanovic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
3/20/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Underweight
2/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
2/20/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Sector Outperform
12/20/2023	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
9/1/2023	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$72.00 ➝ $67.00	+68.26%
5/10/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
5/9/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy
12/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 04:14 AM ET.

Should I Buy Canadian Imperial Bank of Commerce Stock? CM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Wednesday, November 6, 2024. Please send any questions or comments about these Canadian Imperial Bank of Commerce pros and cons to contact@marketbeat.com.

Canadian Imperial Bank of Commerce
Bull Case

Here are some ways that investors could benefit from investing in Canadian Imperial Bank of Commerce:

Canadian Imperial Bank of Commerce has shown consistent revenue growth, with a 12.9% increase in revenue year-over-year, indicating a strong financial performance.
The bank has a solid return on equity of 13.63%, showcasing efficient utilization of shareholder funds to generate profits.
Analysts have upgraded their ratings on Canadian Imperial Bank of Commerce, with several firms giving it a "buy" or "outperform" rating, indicating positive market sentiment.
The current stock price of Canadian Imperial Bank of Commerce is trading above both its 50-day and 200-day moving averages, suggesting a bullish trend in the market.
Canadian Imperial Bank of Commerce offers a dividend yield of 4.23%, providing investors with a steady income stream along with potential capital appreciation.

Canadian Imperial Bank of Commerce
Bear Case

Investors should be bearish about investing in Canadian Imperial Bank of Commerce for these reasons:

Canadian Imperial Bank of Commerce's dividend payout ratio is relatively high at 54.73%, which may limit future dividend growth or reinvestment in the business.
While revenue growth has been positive, the bank's net margin of 10.66% indicates lower profitability compared to some competitors in the industry.
Market analysts have issued a "sell" rating on Canadian Imperial Bank of Commerce, suggesting some concerns about the company's future performance.
The bank's PE ratio of 12.69 and price-to-earnings-growth ratio of 1.85 may indicate that the stock is currently trading at a premium valuation.
Despite recent positive earnings results, there may be regulatory or economic risks that could impact Canadian Imperial Bank of Commerce's future profitability and growth prospects.

CM Forecast - Frequently Asked Questions

: According to the research reports of 8 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Imperial Bank of Commerce is $81.00, with a high forecast of $81.00 and a low forecast of $81.00.
: 8 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last twelve months. There is currently 1 sell rating, 1 hold rating and 6 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" CM shares.
: According to analysts, Canadian Imperial Bank of Commerce's stock has a predicted upside of 24.85% based on their 12-month stock forecasts.
: Over the previous 90 days, Canadian Imperial Bank of Commerce's stock had 2 upgrades by analysts.
: Canadian Imperial Bank of Commerce has been rated by research analysts at Bank of America, BMO Capital Markets, and Cormark in the past 90 days.
: Analysts like Canadian Imperial Bank of Commerce more than other "finance" companies. The consensus rating for Canadian Imperial Bank of Commerce is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how CM compares to other companies.

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This page (NYSE:CM) was last updated on 11/21/2024 by MarketBeat.com Staff

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