Analyst Ratings Coverage:
Fundamental Research Rank#101) has just issued a research report on Tuesday June 6th, 2023 and as a result has maintained its “Buy” rating on CIBC (Canadian Imperial Bank of Commerce)’s stock, while lowering the target price from $73.83 to $69.
CM Stock Forecast and Analysis
According to the forecast from 17 analysts, the average target price for CIBC over the next 12 months is CAD 64.96. This average target price represents the consensus among analysts on where they expect the stock price to be in the future. It’s important to note that analyst target prices can vary and are based on various factors, including company performance, industry trends, and market conditions. (store.connect4education.com)
CIBC’s average consensus analyst rating is stated as “Hold”. This rating suggests that, on average, analysts have a neutral outlook on the company’s stock. A Hold rating indicates that analysts believe the stock’s performance will be in line with the overall market or its industry peers. It suggests a lack of strong conviction in either a positive or negative direction for the stock.
Stock Target Advisor’s independent stock analysis platform, provides its own interpretation of CIBC’s stock. They describe their analysis as Slightly Bearish, which suggests a slightly negative sentiment. Stock Target Advisor’s analysis is based on 3 positive signals and 6 negative signals related to the company. These signals are likely derived from various technical and fundamental indicators, news, and market trends.
As of the last closing, CIBC’s stock price was CAD 56.39. Over the past week, the stock price has decreased by -2.10%, indicating a recent negative trend. Over the past month, the stock has shown a gain of +1.49%, suggesting a slight positive performance over a slightly longer time frame. Looking back over the last year, the stock price has experienced a significant decrease of -19.83%, indicating a challenging period of performance for the stock.
About CIBC
CIBC (Canadian Imperial Bank of Commerce) stands as a stalwart institution, delivering reliable financial solutions to individuals, businesses, and communities since its founding in 1867. With a commitment to excellence, innovation, and customer-centricity, CIBC has emerged as one of Canada’s leading banks, offering a comprehensive suite of services that cater to the diverse needs of its clientele.
