▲ +14.83% Upside Potential
This price target is based on 12 analysts offering 12 month price targets for Canadian Imperial Bank of Commerce in the last 3 months. The average price target is $102.53, with a high forecast of $124.00 and a low forecast of $65.00. The average price target represents a 14.83% upside from the last price of $89.29.
The current consensus among 12 investment analysts is to buy stock in Canadian Imperial Bank of Commerce. This rating has held steady since August 2020, when it changed from a Hold consensus rating.
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 four strategic business units: Canadian Personal and Business Banking; Canadian Commercial Banking and Wealth Management; U.S. Commercial Banking and Wealth Management; and Capital Markets. The company offers chequing, savings, and business accounts; mortgages; loans, lines of credit, student lines of credit, and business and agriculture loans; investment and insurance services; and credit cards, as well as overdraft protection services. It also provides day-to-day banking, borrowing and credit, investing and wealth, specialty, and international services; correspondent banking and online foreign exchange services; and cash management services. The company serves its customers through its banking centers, as well as direct, mobile, and remote channels. Canadian Imperial Bank of Commerce was founded in 1867 and is headquartered in Toronto, Canada.