The Commonwealth Bank of Australia (ASX: CBA) share price closed just 0.1% higher on Wednesday afternoon, at $178.68 a piece. The banking giant’s shares have enjoyed an incredible rally over the past five weeks.
After dropping to a low of $147.22 on the 21st of January, the CBA share price has surged 21.36%.
The shares are now 10.9% higher for the year-to-date and 15.82% higher over the year.
What pushed the CBA share price higher in 2026?
CBA posted its half-year results in mid-January. The bank revealed a 6% increase in cash net profit to $5,445 million. It also lifted its interim dividend by 4% to $2.35 per share.
At the time, CBA’s CEO, Matt Comyn said that economic growth strengthened during the half, “driven by increases in consumer demand and rising investment in AI and energy infrastructure”.
Investors were thrilled with the results, and the share price rallied over 12% within 48 hours.
The uplift has been great news for the banking major, which suffered overall weakness late last year (along with the majority of the banking sector) with share price declines across the board.
Somber sentiment meant many investors weren’t expecting any type of recovery this year. In fact, many expected a significant share price crash.
But the thing is, since rocketing after its results, the CBA share price has remained relatively flat. Over the past two weeks the shares have fallen 0.03%.
Which begs the question, is the party finally over for the CBA share price?
According to the experts, the answer isâ¦.yes.Â
It looks like the only way for the CBA share price to move from here is downwards.
TradingView data shows that 14 out of 16 analysts have a sell or strong sell rating on CBA shares. Another two have a hold rating.
The average target price is $131.20 which implies a 26.57% downside at the close of the ASX on Wednesday. Although some think the shares could sink 12.92% and others think they could crash a far more significant 49.63% over the same period.
The post Is the party over for the CBA share price? appeared first on The Motley Fool Australia.
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Motley Fool contributor Samantha Menzies has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.