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

C$80.47

-0.24 (-0.30%)

(As of 09/6/2024 ET)

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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 13 Analyst Ratings

Based on 13 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 13 analysts, 1 has given a sell rating, 4 have given a hold rating, and 8 have given a buy rating for CM.

Consensus Price Target

C$79.15
-1.64% Downside

High Forecast	C$91.00
Average Forecast	C$79.15
Low Forecast	C$56.00

According to the 13 analysts' twelve-month price targets for Canadian Imperial Bank of Commerce, the average price target is C$79.15. The highest price target for CM is C$91.00, while the lowest price target for CM is C$56.00. The average price target represents a forecasted downside of -1.64% from the current price of C$80.47.

Type	Current Forecast 9/8/23 to 9/7/24	1 Month Ago 8/9/23 to 8/8/24	3 Months Ago 6/10/23 to 6/9/24	1 Year Ago 9/8/22 to 9/8/23
Consensus Rating	Moderate Buy	Hold	Hold	Hold
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	8 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	3 Buy rating(s)
Hold	4 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	9 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$79.15	C$71.00	C$69.21	C$63.06
Forecasted Upside	-1.64% Downside	11.14% Upside	9.24% Upside	12.83% 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.

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	Financial Services Companies
Consensus Rating Score	2.54	2.59
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
8/30/2024	TD Securities 4 of 5 stars		Lower Target	Buy	C$93.00 ➝ C$91.00	+15.57%
8/30/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Sector Perform	C$69.00 ➝ C$74.00	-6.02%
8/30/2024	Cormark 2 of 5 stars	L. Persaud Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Buy	C$75.00 ➝ C$83.00	+5.41%
8/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$77.00 ➝ C$81.00	+2.87%
8/30/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	C$74.00 ➝ C$90.00	+14.30%
8/30/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	C$77.00 ➝ C$83.00	+5.41%
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8/30/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$78.00 ➝ C$86.00	+9.22%
8/30/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	C$77.00 ➝ C$85.00	+7.95%
8/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	C$71.00 ➝ C$77.00	-2.21%
8/13/2024	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$74.00 ➝ C$75.00	+7.02%
8/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$79.00 ➝ C$78.00	+12.10%
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	Set Target	Neutral	C$70.00	+7.61%
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	Hold ➝ Moderate Buy
9/1/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	C$57.00 ➝ C$56.00	+3.44%
7/24/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$62.00 ➝ C$64.00	+10.21%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$69.38	+21.34%
12/9/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Neutral	C$66.00	+13.07%
12/1/2022	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform Market Weight ➝ Sector Perform Market Weight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:01 PM ET.

CM Forecast - Frequently Asked Questions

What is Canadian Imperial Bank of Commerce's forecast for 2024?: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Canadian Imperial Bank of Commerce is C$79.15, with a high forecast of C$91.00 and a low forecast of C$56.00.
Should I buy or sell Canadian Imperial Bank of Commerce stock right now?: 13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Canadian Imperial Bank of Commerce in the last year. There is currently 1 sell rating, 4 hold ratings and 8 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" CM 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 6.64% 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 3 upgrades by analysts.
What analysts cover Canadian Imperial Bank of Commerce?: Canadian Imperial Bank of Commerce has been rated by research analysts at Bank of America, Barclays, BMO Capital Markets, Canaccord Genuity Group, Cormark, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, Scotiabank, TD Securities, 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 "financial services" companies. The consensus rating score for Canadian Imperial Bank of Commerce is 2.54 while the average consensus rating score for "financial services" companies is 2.59. Learn more on how CM compares to other companies.