Canadian Imperial Bank of Commerce’s price target raised to C$74.00, potential impact on stock price.
Stock AI’s forecasts:
🟢 +2.2% short-term
🟢 +1.0% long-term
Stock AI’s (CM) Forecast get (+14.9% Profit)
StockAI’s analysis delivers real-world results. On 13 February 2024, $CM ($44.04), StockAI predicted a long-term 🟢 buy signal. It was accurate: 1 month later price increased to $50.6 (🟢14.9%). Buying CM on this signal yielded a +14.9% profit 💰💰.
CM-Canadian Imperial Bank of Commerce News
🟢 Canadian Imperial Bank of Commerce had its price target raised by analysts at BMO Capital Markets from C$68.00 to C$74.00, indicating positive growth expectations.
🔴 Short interest in CM stock grew by 61.3% in March, potentially leading to a decrease in price.
🟢 Signaturefd LLC increased its stake in Canadian Imperial Bank of Commerce by 22.6%, showing confidence in the stock.
🔴 Beverly Hills Private Wealth LLC decreased its position in CM stock by 23.1%, which could signal a lack of faith in its performance.
🟢 Zurcher Kantonalbank Zurich Cantonalbank grew its position in CM stock by 15.6%, suggesting a positive outlook.
🔴 Verdence Capital Advisors LLC trimmed its position in CM stock by 2.1%, potentially impacting its price negatively.
The recent news surrounding Canadian Imperial Bank of Commerce stock has been a mix of positive and negative developments. The increase in price target by BMO Capital Markets and the stake growth by Signaturefd LLC are positive indicators for the stock’s performance. However, the significant rise in short interest and the decrease in positions by Beverly Hills Private Wealth LLC and Verdence Capital Advisors LLC could potentially have a negative impact on the stock’s price.
Investors should closely monitor these developments and consider the overall market sentiment towards CM stock. While positive news can drive the price higher, negative indicators may lead to a decrease in value. It is essential to conduct thorough research and analysis before making any investment decisions in Canadian Imperial Bank of Commerce stock.
CM-Canadian Imperial Bank of Commerce Analyst Ratings
📈 BMO Capital Markets raised their price target on Canadian Imperial Bank of Commerce (NYSE:CM) from C$68.00 to C$74.00.
📉 Marketbeat Ratings reported that Canadian Imperial Bank of Commerce (TSE:CM) has a consensus recommendation of “Hold” from the thirteen brokerages covering the stock.
📈 One research analyst rated Canadian Imperial Bank of Commerce (NYSE:CM) as a “Moderate Buy.”
Sources:
– ETF Daily News
– ETF Daily News
– ETF Daily News
Disclaimer
Investors may consider the AI predictions and news summaries as one factor in their investment decisions alongside their own research and risk tolerance.
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