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

$64.37 +0.59 (+0.93%)

(As of 12/20/2024 05:31 PM ET)

Canadian Imperial Bank of Commerce - Analysts' Recommendations and Stock Price Forecast (2025)

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
2

Buy
5

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, 2 have given a hold rating, and 5 have given a buy rating for CM.

Consensus Price Target

$89.00
38.26% Upside

According to the 8 analysts' twelve-month price targets for Canadian Imperial Bank of Commerce, the average price target is $89.00. The highest price target for CM is $97.00, while the lowest price target for CM is $81.00. The average price target represents a forecasted upside of 38.26% from the current price of $64.37.

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CM Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
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)	6 Buy rating(s)	6 Buy rating(s)	4 Buy rating(s)
Hold	2 Hold rating(s)	1 Hold rating(s)	1 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$89.00	$81.00	$81.00	$63.00
Forecasted Upside	38.26% Upside	23.80% Upside	31.64% Upside	30.19% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.50	2.50	2.51
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	38.26% Upside	18.66% Upside	14.53% 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
12/6/2024	Royal Bank of Canada 4 of 5 stars		Reiterated Rating	Sector Perform ➝ Sector Perform	$74.00 ➝ $97.00	+45.21%
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 Subscribe to MarketBeat All Access for the recommendation accuracy rating		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
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

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:49 PM 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 Friday, December 13, 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:

The company has a strong market capitalization of approximately $63.01 billion, indicating a solid position in the financial sector, which can provide stability and growth potential.
Recent earnings reports show a significant increase in revenue, with a 12.9% year-over-year growth, suggesting robust operational performance and potential for future profitability.
The current stock price is around $62.99, which is above its two-hundred day simple moving average of $55.94, indicating a positive trend in stock performance.
Canadian Imperial Bank of Commerce has a dividend yield of 4.03%, providing investors with a steady income stream, which is particularly attractive in a low-interest-rate environment.
Analyst ratings are generally positive, with several upgrades to "buy" ratings, reflecting confidence in the company's future performance and potential for stock price appreciation.

Canadian Imperial Bank of Commerce
Bear Case

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

The company has a relatively high PEG ratio of 1.67, which may indicate that the stock is overvalued compared to its earnings growth potential.
Recent analyst downgrades, including a shift from "hold" to "sell," suggest that some experts have concerns about the company's future performance.
The bank's payout ratio is 52.46%, which, while sustainable, indicates that a significant portion of earnings is being distributed as dividends, potentially limiting reinvestment in growth opportunities.
With a beta of 1.06, the stock is slightly more volatile than the market, which could pose risks for investors seeking stability.
Institutional ownership is at 49.88%, which means that a significant portion of the stock is held by large investors, potentially leading to increased volatility if these investors decide to sell.

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 $89.00, with a high forecast of $97.00 and a low forecast of $81.00.
: 8 Wall Street equities 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, 2 hold ratings and 5 buy ratings for the stock. The consensus among Wall Street equities 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 38.26% based on their 12-month stock forecasts.
: Canadian Imperial Bank of Commerce has been rated by research analysts at Royal Bank of Canada 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 12/22/2024 by MarketBeat.com Staff

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