Shares of the Canadian Imperial Bank of Commerce (USA) CM have gained more than 18.6 percent since the beginning of the year, and almost 22 percent in the past three months.
Related Link: Here's How Crowdsourced Ratings Can Beat The Market
But, in spite of such a run up, top raters at the Vetr community still seem bullish, as they have decided to upgrade their rating on the shares from 3.5 Stars (Buy) to 5.0 Stars (Strong Buy) - out of a possible 5.0 Stars rating.
The new rating seems much more aligned with the crowd’s target price of $96.64, which implies an upside potential of almost 23 percent from current valuations. Also quite in line with the target and new rating from the top raters, the crowd has issued 80 percent bullish ratings.
Disclosure: Javier Hasse holds no positions in any of the securities mentioned above.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
date | ticker | name | Price Target | Upside/Downside | Recommendation | Firm |
|---|
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
