Canadian Imperial Bank of Commerce (TSE:CM) Given New C$148.50 Price Target at Raymond James Financial

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) had its price objective increased by Raymond James Financial from C$135.00 to C$148.50 in a report released on Friday,BayStreet.CA reports. The firm presently has a “market perform” rating on the stock. Raymond James Financial’s price target indicates a potential upside of 8.06% from the company’s previous close.

A number of other equities analysts have also weighed in on CM. Canaccord Genuity Group upped their target price on shares of Canadian Imperial Bank of Commerce from C$136.00 to C$145.00 and gave the stock a “hold” rating in a research note on Friday. Jefferies Financial Group increased their price target on Canadian Imperial Bank of Commerce from C$123.00 to C$127.00 in a research report on Wednesday, February 11th. Desjardins boosted their price target on Canadian Imperial Bank of Commerce from C$135.00 to C$139.00 and gave the stock a “buy” rating in a research report on Monday, February 9th. Barclays raised Canadian Imperial Bank of Commerce from a “strong sell” rating to an “overweight” rating and increased their price objective for the company from C$126.00 to C$137.00 in a report on Thursday, February 19th. Finally, TD Securities boosted their target price on shares of Canadian Imperial Bank of Commerce from C$142.00 to C$153.00 and gave the stock a “buy” rating in a report on Friday. Six analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of C$146.05.

Canadian Imperial Bank of Commerce Stock Performance

CM stock traded down C$4.42 during midday trading on Friday, hitting C$137.42. 2,032,905 shares of the company’s stock were exchanged, compared to its average volume of 2,562,835. Canadian Imperial Bank of Commerce has a one year low of C$76.17 and a one year high of C$143.80. The company has a market cap of C$127.33 billion, a PE ratio of 16.04, a price-to-earnings-growth ratio of 3.03 and a beta of 1.26. The stock’s fifty day moving average price is C$128.99 and its 200-day moving average price is C$119.21.

Canadian Imperial Bank of Commerce (TSE:CM) (NYSE:CM) last announced its quarterly earnings results on Thursday, February 26th. The company reported C$2.76 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a return on equity of 12.61% and a net margin of 27.87%.The company had revenue of C$8.40 billion during the quarter. On average, analysts expect that Canadian Imperial Bank of Commerce will post 6.4127341 EPS for the current year.

Insider Activity at Canadian Imperial Bank of Commerce

In related news, insider Frank Guse sold 5,000 shares of the company’s stock in a transaction dated Wednesday, December 24th. The shares were sold at an average price of C$127.16, for a total value of C$635,800.00. Following the transaction, the insider owned 1,359 shares in the company, valued at approximately C$172,810.44. This represents a 78.63% decrease in their position. Insiders own 0.02% of the company’s stock.

Canadian Imperial Bank of Commerce News Roundup

Here are the key news stories impacting Canadian Imperial Bank of Commerce this week:

• Positive Sentiment: BMO Capital Markets raised its target to C$150 and kept an “outperform” rating (about a 9.1% upside vs. the cited reference price). BayStreet.CA
• Positive Sentiment: RBC boosted its target to C$158 and maintained an “outperform” rating (roughly 14.9% upside), signaling confidence in the bank’s outlook. BayStreet.CA
• Positive Sentiment: Scotiabank raised its target to C$153 with an “outperform” call (about 11.2% upside), adding to the wave of bullish analyst revisions. BayStreet.CA TickerReport
• Positive Sentiment: National Bank Financial lifted its target to C$150 and assigned a “sector perform” rating, reflecting modest upside expectations. BayStreet.CA
• Positive Sentiment: Canaccord Genuity increased its target to C$145 with a “hold” rating, indicating some upside but more cautious near-term conviction. BayStreet.CA
• Neutral Sentiment: The bank reported quarterly results showing C$2.76 EPS and revenue of C$8.40 billion, with ROE ~12.6% and a net margin of ~27.9% — solid fundamentals but the headlines alone don’t clearly explain intraday selling. MarketBeat Earnings
• Negative Sentiment: Despite the analyst upgrades and decent quarterly metrics, shares are down — likely due to profit-taking after a recent run toward the 1‑year high and investor focus on valuation (the stock’s PEG and P/E were noted by market trackers). This suggests short-term technical/flow factors are outweighing the upgrades. Market Context

About Canadian Imperial Bank of Commerce

CIBC is a leading North American financial institution with 15 million personal banking, business, public sector and institutional clients. Across Personal and Business Banking, Commercial Banking and Wealth Management, and Capital Markets, CIBC offers a full range of advice, solutions and services through its leading digital banking network, and locations across Canada, in the United States and around the world.