Canadian Imperial Bank of Commerce (CM) Price Target Analysis
Wall Street analyst price targets, ratings consensus & upside potential · Updated May 29, 2026
Current Price
$109.11
Price Target
$106.62
Target Range
$70.00 — $127.32
Analyst Rating
Hold
Forward P/E10.8x
Trailing P/E17.7x
Forward PEG0.68
Implied Growth-30.2%
Median Target$122.55
Analyst Spread53.8%
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Bear Case
$70
-35.8%
Consensus
$107
-2.3%
Bull Case
$127
+16.7%
Valuation Model TargetsConfidence: 57/100
Bear$96
Base$163
Bull$513
CM Price Target Analysis
Updated June 5, 2026As of June 5, 2026, Canadian Imperial Bank of Commerce (CM) has a Wall Street consensus price target of $106.62, based on estimates from 15 covering analysts. With the stock currently trading at $109.11, this represents a potential downside of -2.3%. The company has a market capitalization of $101.10B.
Analyst price targets range from a low of $70.00 to a high of $127.32, representing a 54% spread in expectations. The median target of $122.55 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Hold, with 4 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 2 rating it Sell or Strong Sell. The bearish sentiment suggests caution about the stock at current levels.
From a valuation perspective, CM trades at a trailing P/E of 17.7x and forward P/E of 10.8x. The forward PEG ratio of 0.68 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -30.2% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $162.87, with bear and bull scenarios of $95.82 and $512.92 respectively. Model confidence stands at 57/100, reflecting moderate uncertainty in projections.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Financial Services stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside+1.4%
Avg Forward P/E11.8x
Peers with Coverage10 / 10
| Company | Market Cap | Price | Target | Upside | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 TDThe Toronto-Dominion Bank | $192.2B | $113.75 | $89.52 | -21.3% | Buy | 12.2x | 17 |
 RYRoyal Bank of Canada | $272.3B | $194.97 | $124.85 | -36.0% | Hold | 12.5x | 29 |
 BMOBank of Montreal | $115.7B | $165.21 | $140.00 | -15.3% | Buy | 11.6x | 18 |
 BNSThe Bank of Nova Scotia | $99.8B | $81.39 | $72.15 | -11.4% | Buy | 10.0x | 19 |
 MFCManulife Financial Corporation | $64.6B | $38.50 | $51.00 | +32.5% | Buy | 8.5x | 14 |
 USBU.S. Bancorp | $86.2B | $55.46 | $63.82 | +15.1% | Hold | 10.9x | 49 |
 PNCThe PNC Financial Services Group, Inc. | $91.8B | $227.08 | $252.63 | +11.3% | Hold | 12.3x | 46 |
 TFCTruist Financial Corporation | $64.7B | $49.18 | $57.56 | +17.0% | Buy | 10.8x | 54 |
 CFGCitizens Financial Group, Inc. | $27.6B | $63.90 | $72.42 | +13.3% | Buy | 12.3x | 38 |
 FITBFifth Third Bancorp | $34.7B | $51.80 | $56.50 | +9.1% | Buy | 17.0x | 51 |
Upside Potential Comparison
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Compare NowCM — Frequently Asked Questions
Quick answers to the most common questions about buying CM stock.
What is the CM stock price target for 2026?
Wall Street's consensus price target for CM is $106.62, -2.3% from its current price of $109.11. The below-market target from 15 analysts suggests limited near-term appreciation.
Is CM a buy, sell, or hold?
CM has a consensus rating of "Hold" based on 15 Wall Street analysts. The rating breakdown is mixed, with 9 Hold ratings making up the largest segment. The consensus 12-month price target of $106.62 implies -2.3% downside from current levels.
Is CM stock overvalued or undervalued?
With a forward P/E of 10.8248x, CM trades at a relatively low valuation. The consensus target of $106.62 implies -2.3% move, suggesting the market may be pricing in risks.
How high can CM stock go?
The most bullish Wall Street analyst has a price target of $127.3196 for CM, while the most conservative target is $70. The consensus of $106.62 represents the median expectation. Our quantitative valuation model projects a bull case target of $513 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover CM stock?
CM is well covered by analysts, with 15 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 4 have Buy ratings, 9 recommend Hold, and 2 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the CM stock forecast?
The 12-month CM stock forecast based on 15 Wall Street analysts shows a consensus price target of $106.62, with estimates ranging from $70 (bear case) to $127.3196 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $163, with bear/bull scenarios of $96/$513.
What is CM's fair value based on fundamentals?
Our quantitative valuation model calculates CM's fair value at $163 (base case), with a bear case of $96 and bull case of $513. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 57/100.
What is CM's forward P/E ratio?
CM trades at a forward P/E ratio of 10.8x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.7x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy CM stock?
Analysts are cautious on CM, with 2 Sell ratings and a price target of $106.62 (-2.3% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do CM price targets vary so much?
CM analyst price targets range from $70 to $127.3196, a 54% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $106.62 consensus represents the middle ground. Our model's $96-$513 range provides an independent fundamental perspective.