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

$48.21
-0.06 (-0.12%)
(As of 10:51 AM 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

Hold
Based on 9 Analyst Ratings

Consensus Price Target

$67.00
38.98% Upside
High Forecast$77.00
Average Forecast$67.00
Low Forecast$57.00
TypeCurrent Forecast
7/9/23 to 7/8/24		1 Month Ago
6/9/23 to 6/8/24		3 Months Ago
4/10/23 to 4/9/24		1 Year Ago
7/9/22 to 7/9/23
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 Upside38.98% Upside53.88% Upside58.21% Upside24.80% Upside

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
2.44
2.50
Consensus RatingHoldHoldModerate Buy
Predicted Upside38.98% Upside62.43% Upside11.90% Upside
News Sentiment RatingPositive News
Positive News
Positive News
Export to Excel
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		J. Shea
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated CoverageNeutral
6/3/2024Keefe, Bruyette & Woods
Subscribe to MarketBeat All Access for the recommendation accuracy rating		M. Rizvanovic
Subscribe to MarketBeat All Access for the recommendation accuracy rating		UpgradeMarket Perform ➝ Outperform
5/31/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Boost TargetOutperform ➝ Outperform$74.00 ➝ $77.00+56.76%
3/20/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageUnderweight
2/22/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Initiated CoverageBuy
2/20/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSector Perform ➝ Sector Outperform
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12/20/2023National Bank Financial
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeSector Perform ➝ Outperform
12/18/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeUnderperform ➝ Neutral
9/1/2023Royal Bank of Canada
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 Lower TargetSector Perform ➝ Sector Perform$72.00 ➝ $67.00+68.26%
5/10/2023Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
5/9/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 UpgradeHold ➝ Buy
12/9/2022Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating		 DowngradeOutperform ➝ Neutral
11/15/2022TD Securities
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Mario Mendonca
Subscribe to MarketBeat All Access for the recommendation accuracy rating		DowngradeBuy ➝ HoldC$74.00 ➝ C$65.00
8/29/2022Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating		Doug Young
Subscribe to MarketBeat All Access for the recommendation accuracy rating		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 Monday at 11:11 AM 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 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 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 more 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 2.44. Learn more on how CM compares to other companies.


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This page (NYSE:CM) was last updated on 7/8/2024 by MarketBeat.com Staff

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