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Canadian Imperial Bank

CMNYSE
$49.85
-0.38-0.76%
Pre-Market: 7:16 AM EDT
15 minutes delayed
Consensus Rating1
Sector Perform
Highest Price Target1
$77.00
Lowest Price Target1
$57.00
Consensus Price Target1
$65.75

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Canadian Imperial Bank (NYSE:CM) Stock, Analyst Ratings, Price Targets, Forecasts

Canadian Imperial Bank of Commerce has a consensus price target of $65.75 based on the ratings of 5 analysts. The high is $77 issued by BMO Capital on May 31, 2024. The low is $57 issued by Barclays on September 1, 2023. The 3 most-recent analyst ratings were released by BMO Capital, BMO Capital, and National Bank Financial Inc on May 31, 2024, September 1, 2023, and September 1, 2023, respectively. With an average price target of $68 between BMO Capital, BMO Capital, and National Bank Financial Inc, there's an implied 36.41% upside for Canadian Imperial Bank of Commerce from these most-recent analyst ratings.

Analyst Trends and Forecast
1
May
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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1.2
Strong Sell
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

BMO Capital
National Bank Financial Inc
RBC Capital
Barclays

1calculated from analyst ratings

Analyst Ratings for Canadian Imperial Bank

Buy NowGet Alert
05/31/2024Buy Now54.46%BMO Capital
Sohrab Movahedi
$74 → $77MaintainsOutperformGet Alert
12/18/2023Buy Now—B of A Securities
Ebrahim Poonawala
—UpgradeUnderperform → NeutralGet Alert
09/01/2023Buy Now30.39%BMO Capital
Sohrab Movahedi
$69 → $65MaintainsOutperformGet Alert
09/01/2023Buy Now24.37%National Bank Financial Inc
Gabriel Dechaine
$64 → $62MaintainsSector PerformGet Alert
09/01/2023Buy Now34.4%RBC Capital
Darko Mihelic
$72 → $67MaintainsSector PerformGet Alert
09/01/2023Buy Now14.34%Barclays
John Aiken
$58 → $57MaintainsEqual-WeightGet Alert
02/27/2023Buy Now40.42%RBC Capital
Darko Mihelic
$69 → $70MaintainsSector PerformGet Alert

FAQ

Q

What is the target price for Canadian Imperial Bank (CM) stock?

A

The latest price target for Canadian Imperial Bank (NYSE:CM) was reported by BMO Capital on May 31, 2024. The analyst firm set a price target for $77.00 expecting CM to rise to within 12 months (a possible 54.46% upside). 6 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Canadian Imperial Bank (CM)?

A

The latest analyst rating for Canadian Imperial Bank (NYSE:CM) was provided by BMO Capital, and Canadian Imperial Bank maintained their outperform rating.

Q

When was the last upgrade for Canadian Imperial Bank (CM)?

A

The last upgrade for Canadian Imperial Bank of Commerce happened on December 18, 2023 when B of A Securities raised their price target to N/A. B of A Securities previously had an underperform for Canadian Imperial Bank of Commerce.

Q

When was the last downgrade for Canadian Imperial Bank (CM)?

A

There is no last downgrade for Canadian Imperial Bank.

Q

When is the next analyst rating going to be posted or updated for Canadian Imperial Bank (CM)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Canadian Imperial Bank, 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 Canadian Imperial Bank was filed on May 31, 2024 so you should expect the next rating to be made available sometime around May 31, 2025.

Q

Is the Analyst Rating Canadian Imperial Bank (CM) correct?

A

While ratings are subjective and will change, the latest Canadian Imperial Bank (CM) rating was a maintained with a price target of $74.00 to $77.00. The current price Canadian Imperial Bank (CM) is trading at is $49.85, which is out of the analyst’s predicted range.

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