Peer victimization does increase the risk of suicidal behavior. However, in most cases, peer victimization is not enough to lead to suicide. Rather, it is one of several risk factors for suicidal behavior.

Michigan State University

Peer victimization is often associated with depressive symptoms, which also increase the risk of suicide ideation.

Peer Victimization and Depression

Fredrick, Stephanie S, Demaray, Michelle K. (2018) Peer victimization and suicidal ideation: The role of gender and depression in a school-based sample. Journal of School Psychology. Vol 67, 1-15.
https://doi.org/10.1016/j.jsp.2018.02.001

Peer victimization and suicidal ideation: The role of gender and depression in a school-based sample

One particular study used a questionnaire given to high school students to compare the effects of traditional bullying and cyberbullying. Both resulted in depression and suicide ideation at similar levels.

Traditional Victimization vs. Cyber Victimization

The referenced study found that females were more likely to experience depression and suicide ideation. This correlates to previous research on this topic.

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