Commerce Bancshares (CBSH) Stock Forecast, Price Target & Predictions
CBSH Stock Forecast
Commerce Bancshares stock forecast is as follows: an average price target of $67.25 (represents a 1.76% upside from CBSH’s last price of $66.09) and a rating consensus of 'Hold', based on 8 wall street analysts offering a 1-year stock forecast.
CBSH Price Target
The average price target for Commerce Bancshares (CBSH) is $67.25 based on 1-year price targets from 8 Wall Street analysts in the past 3 months, with a price target range of $68.50 to $66.00. This represents a potential 1.76% upside from CBSH's last price of $66.09.
CBSH Analyst Ratings
According to 8 Wall Street analysts, Commerce Bancshares's rating consensus is 'Hold'. The analyst rating breakdown for CBSH stock is 0 'Strong Buy' (0.00%), 0 'Buy' (0.00%), 7 'Hold' (87.50%), 1 'Sell' (12.50%), and 0 'Strong Sell' (0.00%).
Commerce Bancshares Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 18, 2024 | Nathan Race | Piper Sandler | $68.50 | $61.11 | 12.09% | 3.65% |
| Aug 05, 2024 | Manan Gosalia | Morgan Stanley | $66.00 | $61.00 | 8.20% | -0.14% |
| Jul 03, 2024 | Ken Usdin | Jefferies | $62.00 | $55.87 | 10.97% | -6.19% |
| Apr 17, 2024 | Nathan Race | Piper Sandler | $54.00 | $52.01 | 3.83% | -18.29% |
| Apr 17, 2024 | David Long | Raymond James | $61.00 | $52.01 | 17.29% | -7.70% |
| Apr 17, 2024 | Brandon Berman | Neuberger Berman | $58.00 | $52.01 | 11.52% | -12.24% |
| Sep 27, 2023 | Manan Gosalia | Morgan Stanley | $44.44 | $42.61 | 4.30% | -32.75% |
| Dec 07, 2022 | Morgan Stanley | $70.48 | $67.30 | 4.73% | 6.64% |
The latest Commerce Bancshares stock forecast, released on Oct 18, 2024 by Nathan Race from Piper Sandler, set a price target of $68.50, which represents a 12.09% increase from the stock price at the time of the forecast ($61.11), and a 3.65% increase from CBSH last price ($66.09).
Commerce Bancshares Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | 6 |
| Avg Price Target | - | - | $61.58 |
| Last Closing Price | $66.09 | $66.09 | $66.09 |
| Upside/Downside | -100.00% | -100.00% | -6.82% |
In the current month, the average price target of Commerce Bancshares stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Commerce Bancshares's last price of $66.09. This month's average price target is down NaN% compared to last quarter, and down -100.00% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Dec 19, 2024 | Raymond James | Outperform | Market Perform | Downgrade |
| Oct 18, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Sep 30, 2024 | Morgan Stanley | Equal-Weight | Underweight | Downgrade |
| Jul 22, 2024 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Jul 22, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Jul 03, 2024 | Jefferies | Hold | Hold | Hold |
| May 10, 2024 | Keefe, Bruyette & Woods | Market Perform | Market Perform | Hold |
| Apr 17, 2024 | Piper Sandler | Neutral | Neutral | Hold |
| Apr 17, 2024 | Raymond James | Outperform | Upgrade | |
| Apr 17, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 27, 2023 | Morgan Stanley | Equal-Weight | Underperform | Upgrade |
| Dec 07, 2022 | Morgan Stanley | Equal-Weight | Equal-Weight | Hold |
| Apr 25, 2022 | Zacks Investment Research | Hold | Downgrade |
Commerce Bancshares's last stock rating was published by Raymond James on Dec 19, 2024. The company Downgrade its CBSH rating from "Outperform" to "Market Perform".
Commerce Bancshares Financial Forecast
Commerce Bancshares Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $395.79M | $400.54M | $388.93M | $400.37M | $388.30M | $372.84M | $347.72M | $345.65M | $364.65M | $363.93M | $351.65M | $357.19M | $361.69M | $316.44M | $311.43M | $345.87M | $341.16M |
| Avg Forecast | $422.60M | $421.40M | $416.00M | $411.70M | $424.50M | $420.81M | $415.12M | $409.27M | $415.86M | $419.72M | $406.88M | $389.49M | $386.34M | $391.77M | $391.15M | $382.56M | $394.97M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| High Forecast | $428.06M | $426.84M | $421.37M | $417.01M | $429.98M | $426.25M | $420.48M | $415.84M | $417.44M | $419.96M | $406.88M | $389.49M | $388.78M | $396.82M | $396.20M | $387.50M | $400.21M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| Low Forecast | $417.08M | $415.89M | $410.56M | $406.32M | $418.95M | $415.31M | $409.70M | $403.08M | $414.71M | $419.49M | $406.88M | $389.49M | $382.77M | $386.65M | $386.04M | $377.56M | $391.85M | $383.33M | $361.12M | $348.21M | $353.62M | $349.87M | $350.46M | $347.13M | $345.77M | $333.87M | $324.57M | $329.43M | $336.93M | $337.06M |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.01% | 1.02% | 1.02% | 1.01% | 1.01% | 1.03% | 1.00% | 0.98% | 1.04% | 1.04% | 1.01% | 1.03% | 1.08% | 0.97% | 0.95% | 1.03% | 1.01% |
Commerce Bancshares's average Quarter revenue forecast for Dec 23 based on 5 analysts is $386.34M, with a low forecast of $382.77M, and a high forecast of $388.78M. CBSH's average Quarter revenue forecast represents a -2.39% decrease compared to the company's last Quarter revenue of $395.79M (Sep 23).
Commerce Bancshares EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $154.03M | $163.78M | $209.50M | $209.37M | $184.76M | $165.41M | $164.86M | $162.80M | $171.20M | $221.83M | $178.38M | $179.24M | $185.12M | $70.53M | $93.03M | $169.52M | $177.01M |
| Avg Forecast | $188.64M | $188.11M | $185.70M | $183.78M | $189.49M | $187.85M | $185.31M | $182.70M | $185.64M | $187.36M | $181.63M | $179.08M | $172.46M | $174.88M | $174.60M | $162.80M | $179.08M | $135.35M | $127.50M | $148.00M | $124.85M | $123.53M | $123.74M | $148.33M | $122.08M | $117.88M | $114.60M | $111.64M | $118.96M | $119.01M |
| High Forecast | $191.08M | $190.54M | $188.09M | $186.15M | $191.94M | $190.27M | $187.70M | $185.63M | $186.34M | $187.46M | $181.63M | $214.90M | $173.55M | $177.14M | $176.86M | $195.36M | $214.90M | $135.35M | $127.50M | $177.60M | $124.85M | $123.53M | $123.74M | $178.00M | $122.08M | $117.88M | $114.60M | $133.96M | $118.96M | $119.01M |
| Low Forecast | $186.18M | $185.65M | $183.27M | $181.38M | $187.01M | $185.39M | $182.88M | $179.93M | $185.12M | $187.25M | $181.63M | $143.27M | $170.86M | $172.59M | $172.32M | $130.24M | $143.27M | $135.35M | $127.50M | $118.40M | $124.85M | $123.53M | $123.74M | $118.67M | $122.08M | $117.88M | $114.60M | $89.31M | $118.96M | $119.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.88% | 0.94% | 1.29% | 1.17% | 1.37% | 1.30% | 1.11% | 1.30% | 1.39% | 1.79% | 1.20% | 1.47% | 1.57% | 0.62% | 0.83% | 1.42% | 1.49% |
5 analysts predict CBSH's average Quarter EBITDA for Dec 23 to be $172.46M, with a high of $173.55M and a low of $170.86M. This is 11.96% upper than Commerce Bancshares's previous annual EBITDA (Sep 23) of $154.03M.
Commerce Bancshares Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $120.60M | $127.79M | $119.45M | $131.63M | $122.82M | $115.79M | $118.15M | $115.36M | $122.56M | $162.33M | $130.97M | $129.89M | $132.45M | $39.86M | $51.86M | $106.88M | $109.24M |
| Avg Forecast | $127.68M | $126.33M | $122.30M | $115.58M | $128.09M | $126.15M | $123.84M | $116.08M | $124.69M | $128.18M | $120.48M | $128.34M | $105.12M | $113.58M | $114.59M | $116.68M | $126.40M | $120.65M | $109.99M | $106.07M | $111.15M | $109.57M | $112.90M | $108.91M | $103.02M | $74.54M | $58.30M | $62.23M | $92.54M | $92.71M |
| High Forecast | $129.82M | $128.45M | $124.35M | $117.52M | $130.24M | $128.27M | $125.92M | $126.29M | $128.67M | $131.96M | $123.47M | $154.01M | $111.52M | $115.49M | $116.51M | $140.01M | $151.68M | $120.65M | $109.99M | $127.28M | $111.15M | $109.57M | $112.90M | $130.70M | $103.02M | $74.54M | $58.30M | $74.67M | $92.54M | $92.71M |
| Low Forecast | $125.51M | $124.18M | $120.22M | $113.62M | $125.92M | $124.01M | $121.74M | $110.98M | $122.03M | $124.40M | $117.48M | $102.68M | $101.27M | $111.65M | $112.64M | $93.34M | $101.12M | $120.65M | $109.99M | $84.86M | $111.15M | $109.57M | $112.90M | $87.13M | $103.02M | $74.54M | $58.30M | $49.78M | $92.54M | $92.71M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.06% | 1.12% | 1.02% | 1.04% | 1.02% | 1.05% | 1.11% | 1.04% | 1.12% | 1.44% | 1.20% | 1.26% | 1.78% | 0.68% | 0.83% | 1.15% | 1.18% |
Commerce Bancshares's average Quarter net income forecast for Dec 23 is $105.12M, with a range of $101.27M to $111.52M. CBSH's average Quarter net income forecast represents a -12.84% decrease compared to the company's last Quarter net income of $120.60M (Sep 23).
Commerce Bancshares SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $152.97M | $151.80M | $149.84M | $176.31M | $176.25M | $180.07M | $174.03M | $168.24M | $168.57M | $165.42M | $163.78M | $163.53M | $159.99M | $158.82M | $163.13M | $161.29M | $160.07M |
| Avg Forecast | $198.58M | $198.02M | $195.48M | $193.46M | $199.48M | $197.74M | $195.07M | $192.32M | $195.42M | $197.23M | $191.20M | $189.04M | $181.54M | $184.10M | $183.80M | $171.85M | $185.07M | $169.50M | $159.67M | $156.23M | $156.36M | $154.70M | $154.96M | $136.20M | $152.89M | $147.63M | $143.52M | $195.75M | $148.98M | $149.04M |
| High Forecast | $201.15M | $200.58M | $198.01M | $195.96M | $202.05M | $200.30M | $197.59M | $195.41M | $196.16M | $197.34M | $191.20M | $226.84M | $182.69M | $186.47M | $186.18M | $206.22M | $222.08M | $169.50M | $159.67M | $187.47M | $156.36M | $154.70M | $154.96M | $163.43M | $152.89M | $147.63M | $143.52M | $234.91M | $148.98M | $149.04M |
| Low Forecast | $195.99M | $195.43M | $192.93M | $190.93M | $196.87M | $195.16M | $192.52M | $189.41M | $194.88M | $197.12M | $191.20M | $151.23M | $179.87M | $181.69M | $181.40M | $137.48M | $148.05M | $169.50M | $159.67M | $124.98M | $156.36M | $154.70M | $154.96M | $108.96M | $152.89M | $147.63M | $143.52M | $156.60M | $148.98M | $149.04M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.83% | 0.83% | 0.87% | 0.95% | 1.04% | 1.13% | 1.11% | 1.08% | 1.09% | 1.07% | 1.20% | 1.07% | 1.08% | 1.11% | 0.83% | 1.08% | 1.07% |
Commerce Bancshares's average Quarter SG&A projection for Dec 23 is $181.54M, based on 5 Wall Street analysts, with a range of $179.87M to $182.69M. The forecast indicates a 18.68% rise compared to CBSH last annual SG&A of $152.97M (Sep 23).
Commerce Bancshares EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 3 | 3 | 1 | 4 | 4 | 5 | 4 | 4 | 4 | 3 | 3 | 3 | 3 | 4 | 4 | 4 | 4 | 9 | 9 | 9 | 9 | 5 | 5 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.96 | $1.03 | $0.95 | $1.05 | $0.98 | $0.91 | $0.92 | $0.90 | $0.95 | $1.25 | $1.02 | $1.01 | $1.03 | $0.31 | $0.40 | $0.82 | $0.82 |
| Avg Forecast | $0.95 | $0.94 | $0.91 | $0.86 | $0.95 | $0.94 | $0.92 | $0.86 | $0.93 | $0.95 | $0.90 | $0.76 | $0.78 | $0.85 | $0.85 | $0.84 | $0.98 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| High Forecast | $0.97 | $0.96 | $0.93 | $0.87 | $0.97 | $0.95 | $0.94 | $0.94 | $0.96 | $0.98 | $0.92 | $0.78 | $0.83 | $0.86 | $0.87 | $0.85 | $0.99 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| Low Forecast | $0.93 | $0.92 | $0.89 | $0.85 | $0.94 | $0.92 | $0.91 | $0.83 | $0.91 | $0.93 | $0.87 | $0.75 | $0.75 | $0.83 | $0.84 | $0.82 | $0.97 | $0.94 | $0.86 | $0.80 | $0.86 | $0.85 | $0.88 | $0.82 | $0.80 | $0.58 | $0.45 | $0.45 | $0.72 | $0.72 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.14% | 1.21% | 1.13% | 1.08% | 1.04% | 1.06% | 1.16% | 1.04% | 1.12% | 1.43% | 1.23% | 1.26% | 1.77% | 0.68% | 0.88% | 1.15% | 1.14% |
According to 5 Wall Street analysts, Commerce Bancshares's projected average Quarter EPS for Dec 23 is $0.78, with a low estimate of $0.75 and a high estimate of $0.83. This represents a -18.53% decrease compared to CBSH previous annual EPS of $0.96 (Sep 23).
Commerce Bancshares Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| FISI | Financial Institutions | $27.19 | $33.00 | 21.37% | Hold |
| CFFN | Capitol Federal Financial | $5.86 | $7.00 | 19.45% | Hold |
| UMBF | UMB Financial | $122.56 | $136.33 | 11.24% | Buy |
| BOKF | BOK Financial | $110.28 | $118.75 | 7.68% | Hold |
| FFIN | First Financial Bankshares | $37.37 | $40.00 | 7.04% | Hold |
| UBSI | United Bankshares | $38.31 | $41.00 | 7.02% | Hold |
| TCBI | Texas Capital Bancshares | $78.51 | $83.67 | 6.57% | Buy |
| PB | Prosperity Bancshares | $79.46 | $81.25 | 2.25% | Buy |
| BFST | Business First Bancshares | $27.42 | $28.00 | 2.12% | Buy |
| CBSH | Commerce Bancshares | $66.09 | $67.25 | 1.76% | Hold |
| FMBH | First Mid Bancshares | $38.13 | $38.00 | -0.34% | Buy |
| FBNC | First Bancorp | $43.94 | $43.00 | -2.14% | Buy |
| MRBK | Meridian | $16.51 | $16.00 | -3.09% | Hold |
| NBTB | NBT Bancorp | $47.02 | $45.50 | -3.23% | Hold |
| GBCI | Glacier Bancorp | $48.89 | $46.33 | -5.24% | Hold |
| FFBC | First Financial Ban | $27.66 | $25.00 | -9.62% | Hold |
| BHLB | Berkshire Hills Bancorp | $28.57 | $23.50 | -17.75% | Hold |
| BANF | BancFirst | $118.15 | $95.00 | -19.59% | Sell |