10 Most Profitable Canadian Stocks to Buy Now

8. Canadian Imperial Bank of Commerce (NYSE:CM)

On February 26, Raymond James boosted its price target on Canadian Imperial Bank of Commerce (NYSE:CM) to CAD148.50 from CAD135 while retaining a Market Perform rating on the company’s shares. The firm raised its target to reflect improved fiscal year 2027 EPS expectations.

Raymond James’ valuation is based on 13x 2026 expected earnings per share, consistent with the Big Six average. The firm stated that this multiple balances Canadian Imperial Bank’s near-term EPS growth, strong operating leverage, and rising return-on-equity projection against its smaller scope.

Meanwhile, Barclays raised Canadian Imperial Bank of Commerce (NYSE:CM) to Overweight from Underweight, citing the bank’s progress toward its medium-term goals. Analyst Brian Morton noted the bank’s improved return on equity and steady earnings performance over the previous two years as major reasons for the upgrade.

Canadian Imperial Bank of Commerce (NYSE:CM) is a diversified financial institution that provides a range of financial products and services to personal, business, public sector, and institutional clients in Canada, the US, and internationally.

7. Celestica Inc. (NYSE:CLS)

On March 11, CIBC reduced its price target for Celestica Inc. (NYSE:CLS) from $400 to $360 while retaining an Outperformer rating for the company.

The firm stated that the decrease indicates a lower-multiple environment rather than a decline in fundamentals.

According to CIBC’s prevailing scenario, the stock suggests a 15% increase in revenue above 2027 projections. The upside scenario assumes that the AI infrastructure cycle will continue, resulting in revenue that is 30% higher than estimated for 2027. Meanwhile, the downside scenario represents a significant risk if AI capex peaks in 2027.

CIBC further stated that, given increased visibility into Google, Meta, Amazon, and OpenAI’s capital expenditure plans, it continues to believe that Celestica’s guidance and estimates for Q1 and 2026 remain somewhat conservative.

Celestica Inc. (NYSE:CLS), together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It operates through two segments: Advanced Technology Solutions and Connectivity & Cloud Solutions.