The price of CBSH is predicted to go up -4.46%, based on the high correlation periods with BELFB. The similarity of these two price pattern on the periods is 97.89%.
CBSH
BELFB
Down: -4.46%Similarity: 97.89%
CBSH Revenue Forecast
CBSH EPS Forecast
CBSH FAQs
What is bull’s view on CBSH?
CBSH stock has a bullish outlook with a price target of $72, reflecting a 9.49% upside based on Piper Sandler's analysis. The firm highlights Commerce Bancshares' strong profitability metrics, asset-sensitive balance sheet, and pristine credit profile, benefiting from fewer Fed rate cuts. Recent Q4 earnings beat expectations, with EPS at $1.01 and revenue up 7.3%, further supporting the positive sentiment.
What is bear's view on CBSH?
CBSH stock may face bearish pressure due to its premium valuation, with a P/E ratio higher than peers, limiting upside potential despite strong Q4 earnings. The stock's Fibonacci support level is $64.42, and a break below this could signal further downside. Additionally, limited catalysts for stronger loan growth or capital deployment may weigh on investor sentiment.
What is CBSH revenue forecast for next quarter?
The market consensus for CBSH's revenue in the upcoming quarter is projected to be approximately $417.601M USD.
What is CBSH eps forecast for next quarter?
The market consensus for CBSH's eps in the upcoming quarter is projected to be approximately $0.937 USD.
Piper Sandler raised the firm's price target on Commerce Bancshares to $72 from $69 and keeps a Neutral rating on the shares. The firm believes the company is well-positioned to continue generating well-above average profitability metrics, particularly as fewer Fed rate cuts this year benefits its net interest income outlook given Commerce's asset sensitive balance sheet. Piper continues to view Commerce as an attractive holding in a more "risk-off" environment due to its pristine credit profile, enviable revenue diversity, and defensible above average profitability profile. The firm remains on the sidelines as it sees limited catalysts to further expand Commerce's current premium valuation and given limited visibility of prospects for stronger loan growth and/or deployment of excess capital.