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

$52.25 +0.69 (+1.34%)

(As of 12/20/2024 05:31 PM 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
5

Buy
3

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, 5 have given a hold rating, 2 have given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

$80.50
54.07% Upside

According to the 9 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is $80.50. The highest price target for TD is $84.00, while the lowest price target for TD is $77.00. The average price target represents a forecasted upside of 54.07% from the current price of $52.25.

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TD Analyst Ratings Over Time

Type	Current Forecast 12/23/23 to 12/22/24	1 Month Ago 11/23/23 to 11/22/24	3 Months Ago 9/24/23 to 9/23/24	1 Year Ago 12/23/22 to 12/23/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	2 Buy rating(s)	1 Buy rating(s)	1 Buy rating(s)	2 Buy rating(s)
Hold	5 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$80.50	$84.00	$84.00	$89.33
Forecasted Upside	54.07% Upside	49.60% Upside	31.52% Upside	39.19% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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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	2.33	2.50	2.51
Consensus Rating	Hold	Hold	Moderate Buy
Predicted Upside	54.07% Upside	18.66% Upside	14.54% 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
12/19/2024	BMO Capital Markets 4 of 5 stars	S. Movahedi Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
12/12/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy
12/6/2024	Royal Bank of Canada 4 of 5 stars	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Lower Target	Sector Perform ➝ Sector Perform	$82.00 ➝ $77.00	+47.85%
12/6/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Hold
12/6/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating	M. Grauman Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Sector Outperform ➝ Sector Perform
11/21/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating	B. Morton Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight
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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	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
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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 09:46 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 Tuesday, December 17, 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 recently increased its quarterly dividend to $0.7482 per share, reflecting a commitment to returning value to shareholders. This represents an annualized dividend of $2.99, yielding 5.68%, which is attractive for income-focused investors.
The current stock price is $53.55, which is significantly lower than its 12-month high of $65.12, potentially offering a buying opportunity for investors looking for value.
The company maintains a low debt-to-equity ratio of 0.10, indicating strong financial health and lower risk, which can be appealing to conservative investors.
Institutional ownership stands at 52.37%, suggesting confidence from large investors in the company's future performance, which can be a positive signal for retail investors.
The Toronto-Dominion Bank operates through multiple segments, including Canadian Personal and Commercial Banking and U.S. Retail Banking, providing diversified revenue streams that can help mitigate risks associated with economic fluctuations.

Toronto-Dominion Bank
Bear Case

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

Recent analyst downgrades, including a cut from "outperform" to "sector perform" by Royal Bank of Canada, may indicate concerns about the bank's growth prospects in the near term.
The stock has experienced a decline of 5.4% recently, which could signal underlying issues or market sentiment that may deter potential investors.
The consensus rating for the stock is "Hold," with a price target of $84.00, suggesting that analysts do not expect significant short-term gains, which may not align with aggressive investment strategies.
The bank's dividend payout ratio is 87.03%, which, while indicating a commitment to dividends, also suggests that a large portion of earnings is being distributed, potentially limiting funds available for growth initiatives.
Market volatility and economic uncertainties, particularly in the financial sector, could pose risks to The Toronto-Dominion Bank's performance, making it a less attractive option for risk-averse 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 $80.50, with a high forecast of $84.00 and a low forecast of $77.00.
: 9 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There is currently 1 sell rating, 5 hold ratings, 2 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research 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 54.07% based on their 12-month stock forecasts.
: Over the previous 90 days, Toronto-Dominion Bank's stock had 4 downgrades and 2 upgrades by analysts.
: Toronto-Dominion Bank has been rated by research analysts at Barclays, BMO Capital Markets, Desjardins, Jefferies Financial Group, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Toronto-Dominion Bank less than other "finance" companies. The consensus rating score for Toronto-Dominion Bank is 2.33 while the average consensus rating score for "finance" companies is 2.50. Learn more on how TD compares to other companies.

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This page (NYSE:TD) was last updated on 12/22/2024 by MarketBeat.com Staff

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