In recent analyst action, B of A Securities has maintained its "Neutral" rating on Commerce Bancshares (CBSH, Financial). Analyst Brandon Berman continues to observe the stock with a consistent outlook.
Additionally, B of A Securities has adjusted its price target for Commerce Bancshares (CBSH, Financial), raising it from $69.00 to $71.00. This represents a 2.90% increase in the price target, indicating a slight upward revision in their valuation outlook.
The adjustment reflects B of A Securities' updated expectations for Commerce Bancshares (CBSH, Financial) while maintaining a cautious stance expressed through the "Neutral" rating. Investors interested in CBSH may consider this development as part of their broader assessment of the stock.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 6 analysts, the average target price for Commerce Bancshares Inc (CBSH, Financial) is $65.33 with a high estimate of $70.00 and a low estimate of $60.00. The average target implies an upside of 6.48% from the current price of $61.36. More detailed estimate data can be found on the Commerce Bancshares Inc (CBSH) Forecast page.
Based on the consensus recommendation from 7 brokerage firms, Commerce Bancshares Inc's (CBSH, Financial) average brokerage recommendation is currently 3.0, indicating "Hold" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Commerce Bancshares Inc (CBSH, Financial) in one year is $66.88, suggesting a upside of 9% from the current price of $61.36. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Commerce Bancshares Inc (CBSH) Summary page.
