Canadian Imperial Bank of Commerce (CM) Stock Forecast, Price Target & Predictions
CM Stock Forecast
Canadian Imperial Bank of Commerce stock forecast is as follows: an average price target of $106.62 (represents a 73.14% upside from CM’s last price of $61.58) and a rating consensus of 'Buy', based on 11 wall street analysts offering a 1-year stock forecast.
CM Price Target
The average price target for Canadian Imperial Bank of Commerce (CM) is $106.62 based on 1-year price targets from 11 Wall Street analysts in the past 3 months, with a price target range of $127.32 to $70.00. This represents a potential 73.14% upside from CM's last price of $61.58.
CM Analyst Ratings
According to 11 Wall Street analysts, Canadian Imperial Bank of Commerce's rating consensus is 'Buy'. The analyst rating breakdown for CM stock is 0 'Strong Buy' (0.00%), 7 'Buy' (63.64%), 3 'Hold' (27.27%), 1 'Sell' (9.09%), and 0 'Strong Sell' (0.00%).
Canadian Imperial Bank of Commerce Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Jan 06, 2023 | - | Morgan Stanley | $70.00 | $41.90 | 67.06% | 13.67% |
| Aug 30, 2021 | Douglas Young | Desjardins | $122.55 | $111.95 | 9.46% | 99.00% |
| May 19, 2021 | Ebrahim Poonawala | Bank of America Securities | $127.32 | $105.92 | 20.20% | 106.75% |
The latest Canadian Imperial Bank of Commerce stock forecast, released on Jan 06, 2023 by Morgan Stanley company, set a price target of $70.00, which represents a 67.06% increase from the stock price at the time of the forecast ($41.90), and a 13.67% increase from CM last price ($61.58).
Canadian Imperial Bank of Commerce Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $61.58 | $61.58 | $61.58 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Canadian Imperial Bank of Commerce stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Canadian Imperial Bank of Commerce's last price of $61.58. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Aug 30, 2024 | TD Securities | Buy | Buy | Hold |
| Aug 30, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
| Aug 30, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Aug 30, 2024 | Scotiabank | Outperform | Outperform | Hold |
| Aug 30, 2024 | Barclays | Underweight | Underweight | Hold |
| Aug 30, 2024 | CIBC | Outperform | Buy | Upgrade |
| Aug 02, 2024 | Desjardins | - | Buy | Upgrade |
| Jul 02, 2024 | UBS | - | Neutral | Initialise |
| Jun 02, 2024 | CIBC | Neutral | Outperform | Upgrade |
| May 31, 2024 | RBC Capital | Sector Perform | Sector Perform | Hold |
Canadian Imperial Bank of Commerce's last stock rating was published by TD Securities on Aug 30, 2024. The company gave CM a "Buy" rating, the same as its previous rate.
Canadian Imperial Bank of Commerce Financial Forecast
Canadian Imperial Bank of Commerce Revenue Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $5.66B | $5.93B | $5.37B | $5.55B | $5.36B | - | $5.05B | $5.04B | $4.92B | $4.95B | $4.59B | $4.68B | $4.55B | $4.84B | $4.74B | $4.70B |
| Avg Forecast | $7.28B | $7.05B | $6.85B | $6.96B | $6.79B | $6.75B | $6.59B | $6.74B | $6.55B | $6.31B | $6.04B | $6.06B | $5.89B | $5.80B | $5.73B | $5.73B | $5.58B | $5.58B | $5.28B | $4.12B | $4.12B | $3.95B | $3.90B | $3.73B | $3.50B | $3.57B | $3.41B | $3.60B | $3.60B | $3.57B |
| High Forecast | $7.29B | $7.07B | $6.86B | $6.98B | $6.80B | $6.77B | $6.61B | $6.75B | $6.56B | $6.33B | $6.05B | $6.07B | $5.90B | $5.82B | $5.75B | $5.74B | $5.59B | $5.64B | $5.36B | $4.17B | $4.16B | $4.00B | $3.94B | $3.77B | $3.53B | $3.61B | $3.45B | $3.64B | $3.64B | $3.61B |
| Low Forecast | $7.26B | $7.04B | $6.83B | $6.95B | $6.77B | $6.74B | $6.58B | $6.72B | $6.54B | $6.30B | $6.03B | $6.05B | $5.88B | $5.79B | $5.72B | $5.72B | $5.56B | $5.51B | $5.21B | $4.08B | $4.07B | $3.91B | $3.86B | $3.69B | $3.46B | $3.53B | $3.38B | $3.56B | $3.56B | $3.53B |
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 7 | 6 | 6 | 6 | 6 | 10 | 10 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 1.04% | 0.96% | 1.00% | 1.01% | - | 1.23% | 1.28% | 1.26% | 1.33% | 1.31% | 1.31% | 1.33% | 1.34% | 1.32% | 1.31% |
Canadian Imperial Bank of Commerce's average Quarter revenue forecast for Jul 23 based on 1 analysts is $5.80B, with a low forecast of $5.79B, and a high forecast of $5.82B. CM's average Quarter revenue forecast represents a 2.48% increase compared to the company's last Quarter revenue of $5.66B (Apr 23).
Canadian Imperial Bank of Commerce EBITDA Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 7 | 6 | 6 | 6 | 6 | 10 | 10 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $9.89B | $8.49B | $6.75B | $4.96B | $3.37B | - | $2.89B | $3.24B | $3.21B | $3.25B | $2.96B | $2.84B | $2.69B | $4.19B | $4.31B | $4.52B |
| Avg Forecast | $3.48B | $3.37B | $3.27B | $3.33B | $3.25B | $3.23B | $3.15B | $3.22B | $3.13B | $3.02B | $3.70B | $2.90B | $2.82B | $2.78B | $3.37B | $2.74B | $3.25B | $2.67B | $2.53B | $3.04B | $2.57B | $2.62B | $2.36B | $2.62B | $2.16B | $3.44B | $1.63B | $1.72B | $1.72B | $1.71B |
| High Forecast | $3.49B | $3.38B | $3.28B | $3.34B | $3.25B | $3.24B | $3.16B | $3.23B | $3.14B | $3.03B | $4.44B | $2.91B | $2.82B | $2.78B | $4.04B | $2.75B | $3.90B | $2.70B | $2.56B | $3.64B | $3.08B | $3.14B | $2.84B | $3.14B | $2.60B | $4.12B | $1.65B | $1.74B | $1.74B | $1.73B |
| Low Forecast | $3.47B | $3.37B | $3.27B | $3.32B | $3.24B | $3.22B | $3.15B | $3.22B | $3.13B | $3.01B | $2.96B | $2.89B | $2.81B | $2.77B | $2.69B | $2.73B | $2.60B | $2.64B | $2.49B | $2.43B | $2.06B | $2.10B | $1.89B | $2.09B | $1.73B | $2.75B | $1.62B | $1.70B | $1.70B | $1.69B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.94% | 3.10% | 2.08% | 1.86% | 1.33% | - | 1.12% | 1.24% | 1.36% | 1.24% | 1.37% | 0.83% | 1.65% | 2.43% | 2.50% | 2.65% |
1 analysts predict CM's average Quarter EBITDA for Jul 23 to be $2.78B, with a high of $2.78B and a low of $2.77B. This is -71.93% lower than Canadian Imperial Bank of Commerce's previous annual EBITDA (Apr 23) of $9.89B.
Canadian Imperial Bank of Commerce Net Income Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 7 | 6 | 6 | 6 | 6 | 10 | 10 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.68B | $423.00M | $1.18B | $1.66B | $1.52B | - | $1.44B | $1.73B | $1.65B | $1.62B | $1.01B | $1.17B | $400.00M | $1.21B | $1.19B | $1.39B |
| Avg Forecast | $2.06B | $1.97B | $1.92B | $1.99B | $1.86B | $1.81B | $1.74B | $1.83B | $1.70B | $1.66B | $2.00B | $1.57B | $1.43B | $1.59B | $1.82B | $1.62B | $1.73B | $1.72B | $1.66B | $1.51B | $1.37B | $1.34B | $1.18B | $897.26M | $892.19M | $511.11M | $1.10B | $1.27B | $1.38B | $1.35B |
| High Forecast | $2.06B | $1.97B | $1.92B | $1.99B | $1.86B | $1.81B | $1.74B | $1.93B | $1.83B | $1.66B | $2.40B | $1.58B | $1.46B | $1.60B | $2.18B | $1.63B | $2.08B | $1.75B | $1.69B | $1.81B | $1.64B | $1.61B | $1.41B | $1.08B | $1.07B | $613.33M | $1.33B | $1.52B | $1.65B | $1.61B |
| Low Forecast | $2.05B | $1.96B | $1.91B | $1.98B | $1.85B | $1.80B | $1.73B | $1.62B | $1.57B | $1.65B | $1.60B | $1.57B | $1.40B | $1.59B | $1.45B | $1.62B | $1.38B | $1.69B | $1.63B | $1.21B | $1.09B | $1.07B | $941.45M | $717.81M | $713.75M | $408.89M | $883.40M | $1.02B | $1.10B | $1.08B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.92% | 0.26% | 0.68% | 0.97% | 0.91% | - | 1.05% | 1.28% | 1.40% | 1.81% | 1.14% | 2.29% | 0.36% | 0.95% | 0.86% | 1.03% |
Canadian Imperial Bank of Commerce's average Quarter net income forecast for Jul 23 is $1.59B, with a range of $1.59B to $1.60B. CM's average Quarter net income forecast represents a -4.93% decrease compared to the company's last Quarter net income of $1.68B (Apr 23).
Canadian Imperial Bank of Commerce SG&A Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 7 | 6 | 6 | 6 | 6 | 10 | 10 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.93B | $1.98B | $2.00B | $1.86B | $1.83B | - | $1.76B | $1.67B | $1.65B | $1.61B | $1.44B | $1.56B | $1.55B | $1.64B | $1.53B | $1.56B |
| Avg Forecast | $2.47B | $2.39B | $2.32B | $2.36B | $2.30B | $2.29B | $2.24B | $2.28B | $2.22B | $2.14B | $1.94B | $2.06B | $2.00B | $1.97B | $1.76B | $1.94B | $1.68B | $1.89B | $1.79B | $1.84B | $1.33B | $1.34B | $1.17B | $1.27B | $1.19B | $1.98B | $1.50B | $1.64B | $1.55B | $1.52B |
| High Forecast | $2.47B | $2.40B | $2.33B | $2.37B | $2.31B | $2.29B | $2.24B | $2.29B | $2.23B | $2.15B | $2.33B | $2.06B | $2.00B | $1.97B | $2.12B | $1.95B | $2.01B | $1.91B | $1.82B | $2.21B | $1.59B | $1.61B | $1.40B | $1.53B | $1.43B | $2.38B | $1.80B | $1.97B | $1.86B | $1.82B |
| Low Forecast | $2.46B | $2.39B | $2.32B | $2.36B | $2.30B | $2.28B | $2.23B | $2.28B | $2.22B | $2.14B | $1.55B | $2.05B | $1.99B | $1.96B | $1.41B | $1.94B | $1.34B | $1.87B | $1.77B | $1.48B | $1.06B | $1.07B | $934.48M | $1.02B | $953.50M | $1.59B | $1.20B | $1.31B | $1.24B | $1.21B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.10% | 1.02% | 1.19% | 0.98% | 1.02% | - | 1.32% | 1.25% | 1.41% | 1.26% | 1.21% | 0.79% | 1.04% | 1.00% | 0.99% | 1.03% |
Canadian Imperial Bank of Commerce's average Quarter SG&A projection for Jul 23 is $1.97B, based on 1 Wall Street analysts, with a range of $1.96B to $1.97B. The forecast indicates a 1.93% rise compared to CM last annual SG&A of $1.93B (Apr 23).
Canadian Imperial Bank of Commerce EPS Forecast
| Oct 26 | Jul 26 | Apr 26 | Jan 26 | Oct 25 | Jul 25 | Apr 25 | Jan 25 | Oct 24 | Jul 24 | Apr 24 | Jan 24 | Oct 23 | Jul 23 | Apr 23 | Jan 23 | Oct 22 | Jul 22 | Apr 22 | Jan 22 | Oct 21 | Jul 21 | Apr 21 | Jan 21 | Oct 20 | Jul 20 | Apr 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | - | - | - | - | - | - | - | 1 | 1 | - | 1 | 1 | 2 | 1 | 1 | 1 | - | - | - | - | 1 | 1 | 6 | 7 | 6 | 6 | 6 | 6 | 10 | 10 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.77 | $0.39 | $1.30 | $1.79 | $1.63 | - | $1.54 | $1.92 | $1.84 | $1.81 | $1.14 | $1.31 | $0.45 | $1.35 | $1.33 | $1.56 |
| Avg Forecast | $2.18 | $2.08 | $2.03 | $2.10 | $1.97 | $1.91 | $1.83 | $1.94 | $1.80 | $1.75 | $1.64 | $1.66 | $1.51 | $1.69 | $1.64 | $1.72 | $1.72 | $1.83 | $1.78 | $1.84 | $1.77 | $1.70 | $1.50 | $1.40 | $1.25 | $1.09 | $0.86 | $1.50 | $1.53 | $1.54 |
| High Forecast | $2.18 | $2.08 | $2.03 | $2.11 | $1.97 | $1.92 | $1.84 | $2.04 | $1.94 | $1.76 | $1.65 | $1.67 | $1.54 | $1.69 | $1.64 | $1.72 | $1.72 | $1.86 | $1.82 | $1.86 | $1.79 | $1.72 | $1.53 | $1.42 | $1.27 | $1.11 | $0.87 | $1.52 | $1.55 | $1.56 |
| Low Forecast | $2.17 | $2.07 | $2.02 | $2.10 | $1.96 | $1.91 | $1.83 | $1.71 | $1.66 | $1.75 | $1.64 | $1.66 | $1.49 | $1.68 | $1.63 | $1.71 | $1.71 | $1.80 | $1.75 | $1.81 | $1.74 | $1.67 | $1.48 | $1.38 | $1.23 | $1.08 | $0.85 | $1.48 | $1.51 | $1.51 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 0.23% | 0.76% | 0.98% | 0.91% | - | 0.87% | 1.13% | 1.22% | 1.29% | 0.91% | 1.20% | 0.52% | 0.90% | 0.87% | 1.02% |
According to 1 Wall Street analysts, Canadian Imperial Bank of Commerce's projected average Quarter EPS for Jul 23 is $1.69, with a low estimate of $1.68 and a high estimate of $1.69. This represents a -4.77% decrease compared to CM previous annual EPS of $1.77 (Apr 23).
Canadian Imperial Bank of Commerce Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $61.58 | $106.62 | 73.14% | Buy |
| TD | Toronto-Dominion Bank | $62.89 | $89.52 | 42.34% | Buy |
| BMO | Bank of Montreal | $87.71 | $120.95 | 37.90% | Hold |
| BNS | Bank of Nova Scotia | $52.56 | $71.53 | 36.09% | Hold |
| BAC | Bank of America | $39.55 | $48.25 | 22.00% | Buy |
| C | Citigroup | $59.29 | $69.92 | 17.93% | Buy |
| WFC | Wells Fargo & Company | $54.51 | $58.89 | 8.04% | Buy |
| JPM | JPMorgan Chase | $209.25 | $199.22 | -4.79% | Buy |
| RY | Royal Bank of Canada | $122.86 | $107.81 | -12.25% | Buy |
| NU | Nu | $15.14 | $12.69 | -16.18% | Buy |
CM Forecast FAQ
Is Canadian Imperial Bank of Commerce a good buy?
Yes, according to 11 Wall Street analysts, Canadian Imperial Bank of Commerce (CM) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 7 'Buy' recommendations, accounting for 63.64% of CM's total ratings.
What is CM's price target?
Canadian Imperial Bank of Commerce (CM) average price target is $106.62 with a range of $70 to $127.32, implying a 73.14% from its last price of $61.58. The data is based on 11 Wall Street analysts who provided a twelve-month price target estimate in the last three months.
Will Canadian Imperial Bank of Commerce stock go up soon?
According to Wall Street analysts' prediction for CM stock, the company can go up by 73.14% (from the last price of $61.58 to the average price target of $106.62), up by 106.75% based on the highest stock price target, and up by 13.67% based on the lowest stock price target.
Can Canadian Imperial Bank of Commerce stock reach $90?
CM's average twelve months analyst stock price target of $106.62 supports the claim that Canadian Imperial Bank of Commerce can reach $90 in the near future.
What are Canadian Imperial Bank of Commerce's analysts' financial forecasts?
Canadian Imperial Bank of Commerce's analysts financial forecasts for the fiscal year (Oct 2025) are as follows: average revenue is $26.87B (high $26.92B, low $26.81B), average EBITDA is $12.85B (high $12.88B, low $12.82B), average net income is $7.24B (high $7.35B, low $7B), average SG&A $9.11B (high $9.13B, low $9.09B), and average EPS is $7.65 (high $7.77, low $7.4). CM's analysts financial forecasts for the fiscal year (Oct 2026) are as follows: average revenue is $28.14B (high $28.2B, low $28.08B), average EBITDA is $13.46B (high $13.49B, low $13.43B), average net income is $7.93B (high $7.95B, low $7.91B), average SG&A $9.54B (high $9.56B, low $9.52B), and average EPS is $8.38 (high $8.41, low $8.36).
Did the CM's actual financial results beat the analysts' financial forecasts?
Based on Canadian Imperial Bank of Commerce's last annual report (Oct 2022), the company's revenue was $21.76B, beating the average analysts forecast of $20.56B by 5.86%. Apple's EBITDA was $18.54B, beating the average prediction of $11.48B by 61.43%. The company's net income was $6.22B, missing the average estimation of $6.62B by -6.01%. Apple's SG&A was $7.49B, beating the average forecast of $7.21B by 3.96%. Lastly, the company's EPS was $6.7, missing the average prediction of $7.17 by -6.52%. In terms of the last quarterly report (Apr 2023), Canadian Imperial Bank of Commerce's revenue was $5.66B, missing the average analysts' forecast of $5.73B by -1.25%. The company's EBITDA was $9.89B, beating the average prediction of $3.37B by 193.82%. Canadian Imperial Bank of Commerce's net income was $1.68B, missing the average estimation of $1.82B by -7.61%. The company's SG&A was $1.93B, beating the average forecast of $1.76B by 9.56%. Lastly, the company's EPS was $1.77, beating the average prediction of $1.64 by 8.10%