Desjardins Cuts Canadian Imperial Bank of Commerce (TSE:CM) Price Target to C$170.00

Posted by Brian Himes on Aug 28th, 2026

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) had its target price reduced by analysts at Desjardins from C$173.00 to C$170.00 in a report issued on Friday,BayStreet.CA reports. The firm presently has a “hold” rating on the stock. Desjardins’ price target suggests a potential upside of 7.51% from the stock’s current price.

A number of other equities research analysts have also weighed in on CM. TD boosted their target price on Canadian Imperial Bank of Commerce from C$163.00 to C$175.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Barclays raised their price target on Canadian Imperial Bank of Commerce from C$144.00 to C$170.00 in a research report on Friday, August 21st. Jefferies Financial Group lifted their price target on Canadian Imperial Bank of Commerce from C$143.00 to C$153.00 and gave the stock a “hold” rating in a research note on Thursday, August 13th. Raymond James Financial boosted their price objective on Canadian Imperial Bank of Commerce from C$155.50 to C$173.50 and gave the company a “market perform” rating in a research report on Wednesday, August 12th. Finally, Canaccord Genuity Group increased their price objective on Canadian Imperial Bank of Commerce from C$168.00 to C$169.00 and gave the company a “hold” rating in a research note on Friday. Five research analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of C$167.71.

Check Out Our Latest Stock Analysis on CM

Canadian Imperial Bank of Commerce Stock Performance

TSE:CM traded down C$1.03 during trading hours on Friday, reaching C$158.13. The company’s stock had a trading volume of 863,331 shares, compared to its average volume of 2,505,650. The firm has a market capitalization of C$144.34 billion, a price-to-earnings ratio of 15.69, a PEG ratio of 3.03 and a beta of 1.40. The firm has a 50-day simple moving average of C$164.90 and a 200-day simple moving average of C$151.12. Canadian Imperial Bank of Commerce has a 1 year low of C$105.01 and a 1 year high of C$172.87.

Canadian Imperial Bank of Commerce (TSE:CM – Get Free Report) (NYSE:CM) last posted its quarterly earnings results on Thursday, August 27th. The company reported C$2.73 earnings per share (EPS) for the quarter. Canadian Imperial Bank of Commerce had a net margin of 18.44% and a return on equity of 15.24%. The business had revenue of C$8.37 billion during the quarter. Equities analysts anticipate that Canadian Imperial Bank of Commerce will post 6.4127341 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, insider Christopher John Anderson sold 8,490 shares of Canadian Imperial Bank of Commerce stock in a transaction on Thursday, June 11th. The shares were sold at an average price of C$155.50, for a total value of C$1,320,195.00. Following the sale, the insider owned 6,252 shares in the company, valued at C$972,186. The trade was a 57.59% decrease in their ownership of the stock. Also, insider Amy Florence South sold 1,086 shares of the business’s stock in a transaction on Thursday, June 25th. The shares were sold at an average price of C$162.15, for a total transaction of C$176,094.90. Insiders sold 17,776 shares of company stock valued at $2,817,744 over the last quarter. 0.02% of the stock is owned by company insiders.

Canadian Imperial Bank of Commerce Company Profile

(Get Free Report)

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.