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

C$77.86

+0.41 (+0.53%)

(As of 05:28 PM ET)

Toronto-Dominion Bank - Analysts' Recommendations and Stock Price Forecast (2024)

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

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 Wall Street analysts who have issued ratings for Toronto-Dominion Bank in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, 6 have given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

C$86.65
11.29% Upside

According to the 13 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is C$86.65. The highest price target for TD is C$96.00, while the lowest price target for TD is C$78.00. The average price target represents a forecasted upside of 11.29% from the current price of C$77.86.

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TD Analyst Ratings Over Time

Type	Current Forecast 10/18/23 to 10/17/24	1 Month Ago 9/18/23 to 9/17/24	3 Months Ago 7/20/23 to 7/19/24	1 Year Ago 10/18/22 to 10/18/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	6 Buy rating(s)	7 Buy rating(s)	8 Buy rating(s)	8 Buy rating(s)
Hold	6 Hold rating(s)	5 Hold rating(s)	4 Hold rating(s)	2 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$86.65	C$87.79	C$86.97	C$93.38
Forecasted Upside	11.29% Upside	2.67% Upside	9.50% Upside	16.18% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	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	Financial Services Companies
Consensus Rating Score	2.62	2.59
Consensus Rating	Moderate Buy	Moderate Buy
News Sentiment Rating	Neutral News See Recent TD 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
10/11/2024	Barclays 3 of 5 stars		Lower Target		C$90.00 ➝ C$80.00	+1.52%
10/11/2024	Canaccord Genuity Group 4 of 5 stars		Lower Target		C$93.50 ➝ C$91.50	+16.12%
10/11/2024	CIBC 3 of 5 stars		Lower Target		C$100.00 ➝ C$96.00	+21.83%
10/11/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$93.00 ➝ C$91.00	+15.48%
10/11/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Outperform ➝ Sector Perform	C$88.00 ➝ C$82.00	+4.06%
8/23/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$85.00 ➝ C$90.00	+11.90%
Get the Latest News and Ratings for TD and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Toronto-Dominion Bank and its competitors with MarketBeat's FREE daily newsletter.
8/23/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Sector Perform	C$74.00 ➝ C$78.00	-3.02%
8/23/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	C$91.00 ➝ C$90.00	+11.90%
8/22/2024	National Bank Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Dechaine Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Strong Sell ➝ Hold
8/19/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$87.00 ➝ C$86.00	+6.03%
8/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	C$73.00 ➝ C$82.00	+4.45%
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	Set Target	Neutral	C$82.00	+9.39%
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	C$86.00 ➝ C$84.00	+8.64%
11/23/2023	Keefe, Bruyette & Woods Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	C$95.00 ➝ C$94.00	+12.86%
9/12/2023	CSFB Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Outperform	C$93.00	+13.01%
8/25/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$93.00 ➝ C$92.00	+14.64%
6/6/2023	Fundamental Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Set Target	Buy	C$99.25	+27.55%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:54 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 Monday, October 14, 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's stock price has recently passed above its 200-day moving average, indicating a potential uptrend in the stock's performance.
The company has a strong dividend yield of 4.83%, providing investors with a steady income stream.
With a market capitalization of C$147.95 billion, The Toronto-Dominion Bank is a well-established and stable financial institution.
Analysts have given the stock a consensus rating of "Moderate Buy," suggesting positive sentiment towards its future performance.
The Toronto-Dominion Bank has a diversified business model operating in Canada, the United States, and internationally, reducing geographic risk.

Toronto-Dominion Bank
Bear Case

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

The Toronto-Dominion Bank's stock has recently traded down by 4.0%, indicating short-term downward pressure on the stock price.
Recent analyst reports have seen price target reductions and rating downgrades, signaling potential concerns about the company's future performance.
The company's recent quarterly earnings results showed a slight miss on earnings per share, which may impact investor confidence in the short term.
There have been fluctuations in the stock's price-to-earnings ratio and price-to-earnings-growth ratio, indicating potential volatility in the stock's valuation.
Despite the dividend yield, the dividend payout ratio of 94.44% suggests a high portion of earnings being distributed as dividends, potentially limiting future growth opportunities.

TD Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Toronto-Dominion Bank is C$86.65, with a high forecast of C$96.00 and a low forecast of C$78.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 6 hold ratings, 6 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TD shares.
: According to analysts, Toronto-Dominion Bank's stock has a predicted upside of 11.29% based on their 12-month stock forecasts.
: Over the previous 90 days, Toronto-Dominion Bank's stock had 2 upgrades and 1 downgrade by analysts.
: Toronto-Dominion Bank has been rated by research analysts at Bank of America, Barclays, Canaccord Genuity Group, CIBC, Cormark, Desjardins, Jefferies Financial Group, National Bank Financial, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Toronto-Dominion Bank more than other "financial services" companies. The consensus rating score for Toronto-Dominion Bank is 2.62 while the average consensus rating score for "financial services" companies is 2.59. Learn more on how TD compares to other companies.