CIBC (CM) Stock Upgraded to Overweight on Strong Earnings Growth

Canadian Imperial Bank of Commerce (NYSE:CM) ranks among the most profitable Canadian Stocks to buy now. 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.

While we acknowledge the risk and potential of CM as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than CM and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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