Canadian Imperial Bank of Commerce (CM)
NYSE: CM · IEX Real-Time Price · USD
48.02
+0.74 (1.57%)
Jul 2, 2024, 4:00 PM EDT - Market closed
CM Stock Forecast
Stock Price Forecast
The 4 analysts with 12-month price forecasts for CM stock have an average target of 65.75, with a low estimate of 57 and a high estimate of 77. The average target predicts an increase of 36.92% from the current stock price of 48.02.
Analyst Consensus: Hold
* Price targets were last updated on May 31, 2024.
Analyst Ratings
The average analyst rating for CM stock from 5 stock analysts is "Hold". This means that analysts believe this stock is likely to perform similarly to the overall market.
Recommendation Trends
| Rating | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 | Jun '24 |
|---|---|---|---|---|---|---|
| Strong Buy | 0 | 0 | 0 | 0 | 0 | 0 |
| Buy | 1 | 1 | 1 | 1 | 1 | 1 |
| Hold | 4 | 4 | 4 | 4 | 4 | 4 |
| Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 5 | 5 | 5 | 5 | 5 | 5 |
Latest Forecasts
| Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
|---|---|---|---|---|---|---|---|
| BMO Capital | BMO Capital | Buy Maintains $74 → $77 | Buy | Maintains | $74 → $77 | +60.35% | May 31, 2024 |
| B of A Securities | B of A Securities | Sell → Hold Upgrades n/a | Sell → Hold | Upgrades | n/a | n/a | Dec 18, 2023 |
| BMO Capital | BMO Capital | Buy Maintains $69 → $65 | Buy | Maintains | $69 → $65 | +35.36% | Sep 1, 2023 |
| National Bank Financial Inc | National Bank Financial Inc | Hold Maintains $64 → $62 | Hold | Maintains | $64 → $62 | +29.11% | Sep 1, 2023 |
| RBC Capital | RBC Capital | Hold Maintains $72 → $67 | Hold | Maintains | $72 → $67 | +39.53% | Sep 1, 2023 |
Financial Forecast
Revenue This Year
25.64B
from 23.32B
Increased by 9.93%
Revenue Next Year
26.59B
from 25.64B
Increased by 3.69%
EPS This Year
7.17
from 5.16
Increased by 38.94%
EPS Next Year
7.36
from 7.17
Increased by 2.62%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 26.5B | 28.2B | 30.8B | 26.6B | 27.4B |
| Avg | 25.6B | 26.6B | 27.7B | 25.9B | 26.3B |
| Low | 24.0B | 23.8B | 24.0B | 24.4B | 24.4B |
Revenue Growth
| Revenue Growth | 2024 | 2025 | 2026 | 2027 | 2028 |
|---|---|---|---|---|---|
| High | 13.7% | 9.8% | 15.8% | -4.2% | 5.8% |
| Avg | 9.9% | 3.7% | 4.4% | -6.7% | 1.5% |
| Low | 2.7% | -7.2% | -9.6% | -11.9% | -5.7% |
EPS Forecast
| EPS | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 7.59 | 7.94 | 8.87 |
| Avg | 7.17 | 7.36 | 7.97 |
| Low | 6.57 | 5.19 | 6.60 |
EPS Growth
| EPS Growth | 2024 | 2025 | 2026 |
|---|---|---|---|
| High | 47.1% | 10.7% | 20.6% |
| Avg | 38.9% | 2.6% | 8.4% |
| Low | 27.2% | -27.6% | -10.4% |
Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.