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.
1calculated from analyst ratings
Buy Now | Get Alert | |||||||
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05/31/2024 | Buy Now | 54.46% | BMO Capital | Sohrab Movahedi | $74 → $77 | Maintains | Outperform | Get Alert |
12/18/2023 | Buy Now | — | B of A Securities | Ebrahim Poonawala | — | Upgrade | Underperform → Neutral | Get Alert |
09/01/2023 | Buy Now | 30.39% | BMO Capital | Sohrab Movahedi | $69 → $65 | Maintains | Outperform | Get Alert |
09/01/2023 | Buy Now | 24.37% | National Bank Financial Inc | Gabriel Dechaine | $64 → $62 | Maintains | Sector Perform | Get Alert |
09/01/2023 | Buy Now | 34.4% | RBC Capital | Darko Mihelic | $72 → $67 | Maintains | Sector Perform | Get Alert |
09/01/2023 | Buy Now | 14.34% | Barclays | John Aiken | $58 → $57 | Maintains | Equal-Weight | Get Alert |
02/27/2023 | Buy Now | 40.42% | RBC Capital | Darko Mihelic | $69 → $70 | Maintains | Sector Perform | Get Alert |
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.
The latest analyst rating for Canadian Imperial Bank (NYSE:CM) was provided by BMO Capital, and Canadian Imperial Bank maintained their outperform rating.
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.
There is no last downgrade for Canadian Imperial Bank.
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.
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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