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Commerce Bancshares Inc has a consensus price target of $60.8 based on the ratings of 10 analysts. The high is $70 issued by Wells Fargo on March 21, 2022. The low is $48 issued by Morgan Stanley on July 26, 2023. The 3 most-recent analyst ratings were released by Morgan Stanley, Morgan Stanley, and Wells Fargo on August 5, 2024, July 22, 2024, and July 22, 2024, respectively. With an average price target of $62 between Morgan Stanley, Morgan Stanley, and Wells Fargo, there's an implied -13.37% downside for Commerce Bancshares Inc from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Commerce Bancshares (NASDAQ:CBSH) was reported by Morgan Stanley on August 5, 2024. The analyst firm set a price target for $66.00 expecting CBSH to fall to within 12 months (a possible -7.78% downside). 13 analyst firms have reported ratings in the last year.
The latest analyst rating for Commerce Bancshares (NASDAQ:CBSH) was provided by Morgan Stanley, and Commerce Bancshares maintained their equal-weight rating.
The last upgrade for Commerce Bancshares Inc happened on April 17, 2024 when Raymond James raised their price target to $61. Raymond James previously had a market perform for Commerce Bancshares Inc.
The last downgrade for Commerce Bancshares Inc happened on May 16, 2023 when Morgan Stanley changed their price target from $50 to $48 for Commerce Bancshares Inc.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Commerce Bancshares, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Commerce Bancshares was filed on August 5, 2024 so you should expect the next rating to be made available sometime around August 5, 2025.
While ratings are subjective and will change, the latest Commerce Bancshares (CBSH) rating was a maintained with a price target of $58.00 to $66.00. The current price Commerce Bancshares (CBSH) is trading at is $71.57, which is out of the analyst’s predicted range.
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