Toronto-Dominion Bank (TD) Stock Forecast & Price Target

$56.62 +0.37 (+0.66%)

(As of 12/4/2024 ET)

Toronto-Dominion Bank - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Hold

Based on 9 Analyst Ratings

Sell
1

Hold
6

Buy
2

Based on 9 Wall Street analysts who have issued ratings for Toronto-Dominion Bank in the last 12 months, the stock has a consensus rating of "Hold." Out of the 9 analysts, 1 has given a sell rating, 6 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

$84.00
48.36% Upside

According to the 9 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is $84.00. The highest price target for TD is $84.00, while the lowest price target for TD is $84.00. The average price target represents a forecasted upside of 48.36% from the current price of $56.62.

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TD Analyst Ratings Over Time

Type	Current Forecast 12/5/23 to 12/4/24	1 Month Ago 11/5/23 to 11/4/24	3 Months Ago 9/6/23 to 9/5/24	1 Year Ago 12/5/22 to 12/5/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	1 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	4 Buy rating(s)
Hold	6 Hold rating(s)	8 Hold rating(s)	7 Hold rating(s)	2 Hold rating(s)
Sell	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$84.00	$84.00	$84.00	$89.33
Forecasted Upside	48.36% Upside	52.64% Upside	38.80% Upside	48.07% Upside
Consensus Rating	Hold	Hold	Hold	Moderate Buy

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TD Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TD Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Toronto-Dominion Bank Stock vs. The Competition

Type	Toronto-Dominion Bank	Finance Companies	S&P 500
Consensus Rating Score	2.22	2.49	2.50
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	48.49% Upside	9.14% Upside	7.50% Upside
News Sentiment Rating	Neutral News See Recent TD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/21/2024	Barclays 3 of 5 stars	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight
10/11/2024	Royal Bank of Canada 4 of 5 stars	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform
8/22/2024	National Bank Financial 5 of 5 stars	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Underperform ➝ Sector Perform
7/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Shea Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Neutral
5/24/2024	Cibc World Mkts Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Holden Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Strong-Buy
5/24/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$86.00 ➝ $84.00	+48.07%
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4/17/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Sector Perform ➝ Sector Outperform
2/22/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
12/18/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
11/22/2023	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Sector Outperform ➝ Neutral
8/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$93.00 ➝ $92.00	+56.14%
2/7/2023	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$105.00 ➝ C$106.00
12/5/2022	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	Scott Chan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	C$95.00 ➝ C$103.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:32 PM ET.

Should I Buy Toronto-Dominion Bank Stock? TD Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, December 1, 2024. Please send any questions or comments about these Toronto-Dominion Bank pros and cons to contact@marketbeat.com.

Toronto-Dominion Bank
Bull Case

Here are some ways that investors could benefit from investing in The Toronto-Dominion Bank:

The Toronto-Dominion Bank reported a strong quarterly earnings result, with earnings per share (EPS) of $2.05, significantly exceeding analysts' expectations of $1.49. This indicates robust financial performance and effective management.
The bank has a solid market capitalization of approximately $98.18 billion, reflecting its stability and position as a major player in the financial sector.
With a current stock price of $55.71, the stock is trading below its 52-week high of $65.12, suggesting potential for price appreciation as it approaches previous highs.
The Toronto-Dominion Bank has a relatively low debt-to-equity ratio of 0.10, indicating a conservative approach to leverage and financial risk, which can be appealing to risk-averse investors.
The bank offers a dividend yield of 5.26%, providing a steady income stream for investors, which is particularly attractive in a low-interest-rate environment.

Toronto-Dominion Bank
Bear Case

Investors should be bearish about investing in The Toronto-Dominion Bank for these reasons:

The bank's payout ratio is quite high at 96.17%, which means it is returning nearly all of its earnings to shareholders as dividends. This could limit its ability to reinvest in growth opportunities.
Recent analyst ratings show mixed sentiments, with one analyst issuing a sell rating and several others maintaining a hold rating, indicating uncertainty about the stock's future performance.
The stock has experienced a decline, trading down $0.12 recently, which may signal weakness in market sentiment or investor confidence.
Despite a strong revenue growth of 9.8% year-over-year, the bank's net margin of 6.94% suggests that profitability may be under pressure, which could affect future earnings.
The bank's beta of 0.82 indicates lower volatility compared to the market, which may limit potential gains during bullish market conditions, making it less attractive for aggressive investors.

TD Forecast - Frequently Asked Questions

: According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Toronto-Dominion Bank is $84.00, with a high forecast of $84.00 and a low forecast of $84.00.
: 9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There is currently 1 sell rating, 6 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street analysts is that investors should "hold" TD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TD, but not buy additional shares or sell existing shares.
: According to analysts, Toronto-Dominion Bank's stock has a predicted upside of 48.36% based on their 12-month stock forecasts.
: Over the previous 90 days, Toronto-Dominion Bank's stock had 2 downgrades by analysts.
: Toronto-Dominion Bank has been rated by research analysts at Barclays, and Royal Bank of Canada in the past 90 days.
: Analysts like Toronto-Dominion Bank less than other "finance" companies. The consensus rating score for Toronto-Dominion Bank is 2.22 while the average consensus rating score for "finance" companies is 2.49. Learn more on how TD compares to other companies.

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Something big is happening with Amazon stock… While most investors collect ZERO dividends from Amazon… A small group just discovered a "backdoor" way to collect yields up to 39.70%!

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This page (NYSE:TD) was last updated on 12/4/2024 by MarketBeat.com Staff

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Toronto-Dominion Bank (TD) Stock Forecast & Price Target