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Canadian Imperial Bank of Commerce has a consensus price target of $66.75 based on the ratings of 5 analysts. The high is $81 issued by BMO Capital on August 30, 2024. The low is $57 issued by Barclays on September 1, 2023. The 3 most-recent analyst ratings were released by BMO Capital on August 30, 2024, May 31, 2024, and September 1, 2023, respectively. With an average price target of $74.33 between BMO Capital, there's an implied 16.42% upside for Canadian Imperial Bank of Commerce from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Canadian Imperial Bank (NYSE:CM) was reported by BMO Capital on August 30, 2024. The analyst firm set a price target for $81.00 expecting CM to rise to within 12 months (a possible 26.86% upside). 3 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 August 30, 2024 so you should expect the next rating to be made available sometime around August 30, 2025.
While ratings are subjective and will change, the latest Canadian Imperial Bank (CM) rating was a maintained with a price target of $77.00 to $81.00. The current price Canadian Imperial Bank (CM) is trading at is $63.85, which is out of the analyst’s predicted range.
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