CIBC sets CAD 1.50 target for Thinkific Labs stock after cost reset

Published on 10/16/2026 at 01:35 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Thinkific reported USD 18.6 million of Q2 revenue, up 3 percent year over year. For Thinkific Labs stock, the next report is listed for November 11, 2026.

Thinkific resets its cost base

Thinkific announced 96 job cuts and USD 19 million in annual savings on September 23, 2026.
CIBC set a CAD 1.50 target and kept Hold on September 25, 2026.
Thinkific's next Q3 2026 report is listed for November 11, 2026.

TH, CA8841213025, Illustration mit AI erstellt.

Thinkific Labs (ISIN CA8841213025) drew a CAD 1.50 price target from CIBC on September 25, 2026, while the bank kept a Hold rating, according to The Globe and Mail. The analyst view followed a cost reset and a sharper push toward enterprise customers.

Cost cuts change the earnings setup

Thinkific announced on September 23, 2026, that its reorganization would affect 96 employees and generate USD 19 million in annualized cost savings. The company also targeted a free cash flow margin of 25 percent or more in fiscal 2027, according to Thinkific Labs.

The company raised its adjusted EBITDA margin outlook for the third quarter of 2026 to 7 percent to 10 percent of revenue from 2 percent to 5 percent. Its revenue outlook stayed at USD 18.6 million to USD 18.9 million, with performance tracking to the high end of that range.

What does the enterprise shift mean?

The numbers show a narrow near-term growth profile but a larger profitability ambition. In the second quarter of 2026, revenue reached USD 18.6 million, up 3 percent from the second quarter of 2025, while Plus revenue grew 14 percent to USD 5.3 million, according to Yahoo Finance. Self-serve revenue fell 1 percent to USD 13.3 million, highlighting the tradeoff behind the upmarket strategy.

Three events set the chronology

On August 5, 2026, Thinkific discussed second-quarter revenue of USD 18.6 million and adjusted EBITDA of USD 273,000 in its earnings call, according to Yahoo Finance. On September 23, 2026, the company announced the workforce reorganization and USD 19 million savings target, according to Thinkific Labs. On September 25, 2026, CIBC set its CAD 1.50 target and retained Hold, according to The Globe and Mail.

Next reporting date

The next scheduled company event is the third-quarter 2026 report listed for November 11, 2026, according to Eulerpool. That date will test whether the higher adjusted EBITDA range can offset the restructuring charge expected in the third quarter.

Valuation stays small-cap

Thinkific's market capitalization stood at USD 83.5 million as of October 14, 2026, with a 52-week range of USD 0.68 to USD 1.69. The company reported USD 51 million in cash and no debt as of June 30, 2026, giving the cost program a measurable balance-sheet cushion.