Canadian Imperial Bank of Commerce (CM)
NYSE: CM · IEX Real-Time Price · USD
50.63
+0.55 (1.11%)
Mar 28, 2024, 11:31 AM EDT - Market open

CM Stock Forecast

Stock Price Forecast

The 4 analysts with 12-month price forecasts for CM stock have an average target of 62.75, with a low estimate of 57 and a high estimate of 67. The average target predicts an increase of 23.95% from the current stock price of 50.63.

Analyst Consensus: Hold
Target Low Average Median High
Price $57 $62.75 $65 $67
Change +12.59% +23.95% +28.40% +32.35%
* Price targets were last updated on Sep 1, 2023.

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 Oct '23Nov '23Dec '23Jan '24Feb '24Mar '24
Strong Buy 000000
Buy 111111
Hold 334444
Sell 000000
Strong Sell 000000
Total 445555

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
B of A Securities
B of A Securities
Hold
Upgrades
n/a
Hold Upgrades n/a n/a Dec 18, 2023
BMO Capital
BMO Capital
Buy
Maintains
$69$65
Buy Maintains $69$65 +28.40% Sep 1, 2023
National Bank Financial Inc
National Bank Financial Inc
Hold
Maintains
$64$62
Hold Maintains $64$62 +22.47% Sep 1, 2023
RBC Capital
RBC Capital
Hold
Maintains
$72$67
Hold Maintains $72$67 +32.35% Sep 1, 2023
Barclays
Barclays
Hold
Maintains
$58$57
Hold Maintains $58$57 +12.59% Sep 1, 2023
More Analyst Ratings

Financial Forecast

Revenue This Year
25.35B
from 23.32B
Increased by 8.69%
Revenue Next Year
26.41B
from 25.35B
Increased by 4.20%
EPS This Year
6.91
from 5.16
Increased by 33.89%
EPS Next Year
7.18
from 6.91
Increased by 3.91%
Year 201920202021202220232024202520262027
Revenue
18.61B18.74B20.02B21.83B23.32B25.35B26.41B27.13B27.12B
Revenue Growth
4.36%0.70%6.80%9.08%6.82%8.69%4.20%2.71%-0.06%
EPS
5.604.116.966.685.166.917.187.43-
EPS Growth
-3.95%-26.54%69.34%-4.02%-22.75%33.89%3.91%3.51%-
No. Analysts -----191985
Financial currency is CAD. Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 2024202520262027
High 26.1B 27.9B 30.6B 28.9B
Avg 25.3B 26.4B 27.1B 27.1B
Low 23.5B 23.3B 23.7B 24.7B

Revenue Growth

Revenue Growth 2024202520262027
High
12.0%
10.2%
15.7%
6.4%
Avg
8.7%
4.2%
2.7%
-0.1%
Low
0.6%
-8.0%
-10.2%
-9.1%

EPS Forecast

EPS 202420252026
High 7.46 8.14 8.66
Avg 6.91 7.18 7.43
Low 5.79 4.82 6.06

EPS Growth

EPS Growth 202420252026
High
44.5%
17.8%
20.6%
Avg
33.9%
3.9%
3.5%
Low
12.2%
-30.2%
-15.6%
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.