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Canadian Imperial Bank of Commerce - CM Stock Price Target and Predictions

  • Consensus Rating: Moderate Buy
  • Consensus Price Target: $89.00
  • Forecasted Upside: 38.26%
  • Number of Analysts: 8
  • Breakdown:
  • 1 Sell Ratings
  • 2 Hold Ratings
  • 5 Buy Ratings
  • 0 Strong Buy Ratings
$64.37 As of 12/20/2024 06:31 PM ET
▲ +0.59 (0.93%)

This chart shows the closing price for CM by one month, three months, or twelve months.

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Analyst Price Target for CM

Analyst Price Target is $89.00
▲ +38.26% Upside Potential
This price target is based on 8 analysts offering 12 month price targets for Canadian Imperial Bank of Commerce in the last 3 months. The average price target is $89.00, with a high forecast of $97.00 and a low forecast of $81.00. The average price target represents a 38.26% upside from the last price of $64.37.

This chart shows the closing price for CM for the last year in relation to the current analyst high, average, and low pricetarget.

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Current Consensus is Moderate Buy

The current consensus among 8 contributing investment analysts is to moderate buy stock in Canadian Imperial Bank of Commerce. This rating has held steady since August 2024, when it changed from a Hold consensus rating.

Past Monthly Recommendations

Move your mouse over past months for details

Read Past Recommendations DescriptionSkip Past Price Target Consensus Chart
  • 0 strong buy ratings
  • 2 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
6/29/2023
  • 0 strong buy ratings
  • 3 buy ratings
  • 5 hold ratings
  • 1 sell ratings
Ratings as of
9/27/2023
  • 0 strong buy ratings
  • 4 buy ratings
  • 3 hold ratings
  • 0 sell ratings
Ratings as of
12/26/2023
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
3/25/2024
  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
6/23/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
9/21/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 1 hold ratings
  • 1 sell ratings
Ratings as of
11/20/2024
  • 0 strong buy ratings
  • 6 buy ratings
  • 2 hold ratings
  • 1 sell ratings
Ratings as of
12/20/2024

Latest Recommendations

  • 0 strong buy ratings
  • 5 buy ratings
  • 2 hold ratings
  • 1 sell ratings

Display Ratings By
DateBrokerageActionRatingPrice TargetDetails
12/6/2024Royal Bank of CanadaReiterated RatingSector Perform ➝ Sector Perform$74.00 ➝ $97.00
8/30/2024CormarkUpgradeHold ➝ Moderate Buy
8/30/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$77.00 ➝ $81.00
8/30/2024Bank of AmericaUpgradeNeutral ➝ Buy
8/2/2024DesjardinsUpgradeHold ➝ Moderate Buy
7/2/2024UBS GroupInitiated CoverageNeutral
6/3/2024Keefe, Bruyette & WoodsUpgradeMarket Perform ➝ Outperform
5/31/2024BMO Capital MarketsBoost TargetOutperform ➝ Outperform$74.00 ➝ $77.00
3/20/2024BarclaysInitiated CoverageUnderweight
2/22/2024Jefferies Financial GroupInitiated CoverageBuy
2/20/2024ScotiabankUpgradeSector Perform ➝ Sector Outperform
12/20/2023National Bank FinancialUpgradeSector Perform ➝ Outperform
12/18/2023Bank of AmericaUpgradeUnderperform ➝ Neutral
9/1/2023BarclaysLower TargetEqual Weight ➝ Equal Weight$58.00 ➝ $57.00
9/1/2023Royal Bank of CanadaLower TargetSector Perform ➝ Sector Perform$72.00 ➝ $67.00
9/1/2023BMO Capital MarketsLower TargetOutperform ➝ Outperform$69.00 ➝ $65.00
5/10/2023Canaccord Genuity GroupUpgradeHold ➝ Buy
5/9/2023CIBCUpgradeHold ➝ Buy
2/27/2023Royal Bank of CanadaBoost TargetSector Perform$69.00 ➝ $70.00
12/20/2022CIBCUpgradeSector Perform ➝ OutperformC$67.00 ➝ C$61.00
12/12/2022CIBCDowngradeNeutral ➝ Underperform$49.00 ➝ $45.00
12/12/2022Bank of AmericaDowngradeNeutral ➝ Underperform
12/9/2022Credit Suisse GroupDowngradeOutperform ➝ Neutral
12/2/2022CIBCDowngradeBuy ➝ Hold
12/1/2022National Bank FinancialDowngradeOutperform ➝ Sector Perform
11/15/2022TD SecuritiesDowngradeBuy ➝ HoldC$74.00 ➝ C$65.00
8/29/2022DesjardinsLower TargetHold ➝ HoldC$74.00 ➝ C$73.00
8/26/2022CIBCBoost TargetOutperform ➝ OutperformC$77.00 ➝ C$79.00
8/18/2022CIBCLower TargetC$83.00 ➝ C$77.00
8/16/2022National Bank FinancialLower TargetC$84.00 ➝ C$83.00
5/27/2022BMO Capital MarketsLower TargetC$85.00 ➝ C$83.00
5/27/2022National BanksharesBoost TargetC$83.50 ➝ C$84.00
5/27/2022TD SecuritiesLower TargetBuy ➝ BuyC$82.00 ➝ C$78.00
5/20/2022Credit Suisse GroupInitiated CoverageOutperform ➝ Outperform$81.00 ➝ $80.00
5/17/2022Bank of AmericaDowngradeBuy ➝ Neutral
4/8/2022Stifel NicolausLower TargetHold ➝ HoldC$87.00 ➝ C$86.00
3/1/2022Stifel EuropeBoost TargetHold ➝ HoldC$86.00 ➝ C$87.00
2/28/2022CIBCBoost TargetC$86.50 ➝ C$89.00
2/18/2022ScotiabankBoost TargetC$83.00 ➝ C$91.00
2/18/2022Stifel EuropeInitiated CoverageHold
2/18/2022Stifel NicolausInitiated CoverageHold$86.00
1/19/2022BarclaysDowngradeOverweight ➝ Equal Weight$81.00 ➝ $84.50
12/3/2021CIBCLower TargetOutperform ➝ OutperformC$84.00 ➝ C$82.50
12/3/2021Royal Bank of CanadaBoost TargetOutperform ➝ Outperform$79.00 ➝ $84.50
8/30/2021DesjardinsBoost TargetHold ➝ HoldC$75.00 ➝ C$77.00
8/27/2021CIBCBoost TargetOutperformC$79.50 ➝ C$84.00
8/27/2021BMO Capital MarketsBoost TargetOutperformC$80.00 ➝ C$82.50
8/27/2021ScotiabankBoost TargetOutperformC$83.00 ➝ C$84.00
8/27/2021TD SecuritiesBoost TargetBuyC$77.50 ➝ C$80.00
8/27/2021Credit Suisse GroupBoost TargetNeutral$74.50 ➝ $78.00
8/17/2021ScotiabankBoost TargetC$78.50 ➝ C$83.00
8/13/2021BarclaysBoost TargetOverweight$75.00 ➝ $78.50
6/15/2021CIBCBoost TargetOutperformC$78.00 ➝ C$79.50
5/28/2021Credit Suisse GroupBoost TargetNeutral$65.50 ➝ $71.00
5/28/2021CIBCBoost TargetOutperformC$70.00 ➝ C$78.00
3/9/2021CormarkReiterated RatingBuy
3/3/2021Credit Suisse GroupUpgradeUnderperform ➝ Neutral$59.00 ➝ $61.50
3/1/2021ScotiabankReiterated RatingOutperform
2/26/2021CIBCBoost TargetOutperform$63.00 ➝ $65.00
2/26/2021TD SecuritiesReiterated RatingBuy
2/26/2021BMO Capital MarketsUpgradeMarket Perform ➝ Outperform
2/19/2021CIBCBoost TargetSector Perform$62.00 ➝ $63.00
2/16/2021BarclaysBoost TargetOverweight$62.00 ➝ $64.00
1/11/2021CIBCBoost TargetOutperform$61.00 ➝ $62.00
12/4/2020BMO Capital MarketsInitiated CoverageMarket Perform
12/4/2020CIBCUpgradeSector Perform ➝ Outperform$55.50 ➝ $61.00
12/4/2020Credit Suisse GroupBoost TargetUnderperform$52.50 ➝ $54.00
12/4/2020Royal Bank of CanadaUpgradeSector Perform ➝ Outperform
11/23/2020Credit Suisse GroupDowngradeNeutral ➝ Underperform$52.50
11/18/2020CIBCBoost TargetSector Perform$53.50 ➝ $55.50
10/29/2020CIBCUpgradeSell ➝ Buy
9/2/2020Fundamental ResearchInitiated CoverageBuy$54.13
8/28/2020Bank of AmericaBoost TargetNeutral$51.50 ➝ $55.00
8/28/2020Credit Suisse GroupBoost TargetNeutral$47.50 ➝ $51.00
8/19/2020BarclaysUpgradeEqual Weight ➝ Overweight
6/1/2020Scotia Howard WeillReiterated RatingMarket Perform
5/29/2020CfraBoost TargetHold$27.50 ➝ $32.50
5/13/2020Bank of AmericaBoost TargetNeutral$31.50 ➝ $44.00
5/11/2020BarclaysBoost TargetEqual Weight$38.50 ➝ $40.00
5/6/2020CitigroupUpgradeNeutral ➝ Buy
3/20/2020TD SecuritiesUpgradeHold ➝ Buy$52.50
2/27/2020Royal Bank of CanadaReiterated RatingHold$60.00
2/27/2020Credit Suisse GroupBoost TargetNeutral$54.00 ➝ $55.00
2/4/2020Bank of AmericaUpgradeUnderperform ➝ Neutral
2/4/2020CIBCUpgradeUnderperform ➝ Neutral
(Data available from 12/21/2019 forward)

News Sentiment Rating

1.21 (Buy)

Our news sentiment rating is based on the average sentiment of articles about this company published in the media in the last 30 days of headlines and can range from 2 (very positive sentiment) to -2 (very negative sentiment).

News Sentiment Over Time

Move your mouse over past months for details

Skip to Current Sentiment Summary
  • 20 very positive mentions
  • 5 positive mentions
  • 1 negative mentions
  • 2 very negative mentions
Mentions as of
5/25/2024
  • 19 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
6/24/2024
  • 9 very positive mentions
  • 3 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
7/24/2024
  • 9 very positive mentions
  • 7 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
8/23/2024
  • 19 very positive mentions
  • 17 positive mentions
  • 0 negative mentions
  • 0 very negative mentions
Mentions as of
9/22/2024
  • 16 very positive mentions
  • 3 positive mentions
  • 6 negative mentions
  • 0 very negative mentions
Mentions as of
10/22/2024
  • 20 very positive mentions
  • 6 positive mentions
  • 0 negative mentions
  • 1 very negative mentions
Mentions as of
11/21/2024
  • 39 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions
Mentions as of
12/21/2024

Current Sentiment

  • 39 very positive mentions
  • 12 positive mentions
  • 1 negative mentions
  • 0 very negative mentions

Recent Stories by Sentiment

Very Negative

  • No very negative mentions tracked during this time.

Negative

Positive

Very Positive

Canadian Imperial Bank of Commerce logo
Canadian Imperial Bank of Commerce, a diversified financial institution, provides various financial products and services to personal, business, public sector, and institutional clients in Canada, the United States, and internationally. The company operates through Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; Capital Markets and Direct Financial Services; and Corporate and Other segments. It offers checking, savings, and business accounts; mortgages; business, car, and other loans; lines of credit, student lines of credit, and agriculture loans; and small business financing and overdraft protection services. The company also provides investment and insurance services; credit cards; and ATMs, as well as mobile, online, and global money and wire transfer services. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.
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Today's Range

Now: $64.37
Low: $63.21
High: $64.59

50 Day Range

MA: $64.16
Low: $60.53
High: $67.30

52 Week Range

Now: $64.37
Low: $43.86
High: $67.45

Volume

845,314 shs

Average Volume

1,356,566 shs

Market Capitalization

$60.80 billion

P/E Ratio

12.03

Dividend Yield

4.03%

Beta

1.06

Frequently Asked Questions

What sell-side analysts currently cover shares of Canadian Imperial Bank of Commerce?

The following Wall Street research analysts have issued research reports on Canadian Imperial Bank of Commerce in the last year: Bank of America Co., Barclays PLC, BMO Capital Markets, Cormark, Desjardins, Jefferies Financial Group Inc., Keefe, Bruyette & Woods, Royal Bank of Canada, Scotiabank, StockNews.com, and UBS Group AG.
View the latest analyst ratings for CM.

What is the current price target for Canadian Imperial Bank of Commerce?

0 Wall Street analysts have set twelve-month price targets for Canadian Imperial Bank of Commerce in the last year. Their average twelve-month price target is $89.00, suggesting a possible upside of 38.3%. Royal Bank of Canada has the highest price target set, predicting CM will reach $97.00 in the next twelve months. BMO Capital Markets has the lowest price target set, forecasting a price of $81.00 for Canadian Imperial Bank of Commerce in the next year.
View the latest price targets for CM.

What is the current consensus analyst rating for Canadian Imperial Bank of Commerce?

Canadian Imperial Bank of Commerce currently has 1 sell rating, 2 hold ratings and 5 buy ratings from Wall Street analysts. The stock has a consensus analyst rating of "Moderate Buy."
View the latest ratings for CM.

What other companies compete with Canadian Imperial Bank of Commerce?

Other companies that are similar to Canadian Imperial Bank of Commerce include Royal Bank of Canada, HSBC, HDFC Bank, Mitsubishi UFJ Financial Group and Citigroup. Learn More about companies similar to Canadian Imperial Bank of Commerce.

How do I contact Canadian Imperial Bank of Commerce's investor relations team?

Canadian Imperial Bank of Commerce's physical mailing address is COMMERCE COURT, TORONTO A6, M5L 1A2. The bank's listed phone number is (416) 980-2211 and its investor relations email address is [email protected]. The official website for Canadian Imperial Bank of Commerce is www.cibc.com. Learn More about contacing Canadian Imperial Bank of Commerce investor relations.