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

C$82.11 -0.25 (-0.30%)

As of 04:00 PM Eastern

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 13 Analyst Ratings

Sell
1

Hold
6

Buy
6

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 "Hold." Out of the 13 analysts, 1 has given a sell rating, 6 have given a hold rating, 5 have given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

C$86.83
5.75% Upside

According to the 13 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is C$86.83. The highest price target for TD is C$94.00, while the lowest price target for TD is C$80.00. The average price target represents a forecasted upside of 5.75% from the current price of C$82.11.

Get the Latest News and Ratings for TD and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Toronto-Dominion Bank and its competitors.

TD Analyst Ratings Over Time

Type	Current Forecast 1/22/24 to 1/21/25	1 Month Ago 12/23/23 to 12/22/24	3 Months Ago 10/24/23 to 10/23/24	1 Year Ago 1/22/23 to 1/22/24
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	5 Buy rating(s)	5 Buy rating(s)	6 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	C$86.83	C$86.50	C$86.65	C$90.68
Forecasted Upside	5.75% Upside	15.29% Upside	10.32% Upside	10.94% Upside
Consensus Rating	Hold	Hold	Moderate Buy	Moderate Buy

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	2.46	2.67
Consensus Rating	Hold	Moderate Buy
News Sentiment Rating	Neutral News See Recent TD News	Neutral 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
1/8/2025	Royal Bank of Canada 4 of 5 stars	D. Mihelic Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Sector Perform	C$77.00 ➝ C$86.00	+10.27%
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	C$90.00	+20.95%
12/16/2024	Canaccord Genuity Group 5 of 5 stars		Boost Target		C$87.00 ➝ C$89.00	+17.82%
12/12/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	C$82.00 ➝ C$90.00	+18.14%
12/6/2024	CIBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$93.00 ➝ C$90.00	+22.33%
12/6/2024	Cormark Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$99.00 ➝ C$94.00	+27.77%
12/6/2024	National Bankshares Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		C$85.00 ➝ C$80.00	+8.74%
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	Outperform ➝ Sector Perform	C$98.00 ➝ C$81.00	+10.10%
12/5/2024	Desjardins Subscribe to MarketBeat All Access for the recommendation accuracy rating	D. Young Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Moderate Buy ➝ Hold
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	Hold ➝ Strong Sell
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	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		C$85.00 ➝ 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
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
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 Tuesday at 07:41 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, January 20, 2025. 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 crossed above its 200-day moving average, indicating a potential upward trend in stock performance, which can be a positive signal for investors looking for growth.
The current stock price is C$79.31, which is close to its recent high of C$79.60, suggesting that the stock may have upward momentum and could be a good entry point for new investors.
The company has announced an increase in its quarterly dividend to $1.05 per share, reflecting a commitment to returning value to shareholders. This translates to an annualized dividend of $4.20, providing a dividend yield of 5.28%, which is attractive for income-focused investors.
The Toronto-Dominion Bank has a strong market capitalization of C$139.30 billion, indicating a stable and established presence in the financial sector, which can provide a sense of security for investors.
Analysts have a consensus rating of "Hold" with a price target of C$86.83, suggesting that there is potential for price appreciation, making it a potentially favorable investment opportunity.

Toronto-Dominion Bank
Bear Case

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

Several analysts have downgraded their price targets for The Toronto-Dominion Bank, with CIBC reducing their target from C$93.00 to C$90.00, indicating a cautious outlook that may concern potential investors.
The dividend payout ratio is currently at 94.44%, which is relatively high. This means that a significant portion of earnings is being paid out as dividends, leaving less room for reinvestment in growth opportunities.
One analyst has issued a sell rating on the stock, which could signal potential risks or concerns about the company's future performance, making it a less attractive option for some investors.
Market volatility and economic uncertainties can impact the financial sector, and The Toronto-Dominion Bank is not immune to these external factors, which could affect stock performance.
The stock has a beta of 0.82, indicating that it is less volatile than the market. While this can be seen as a positive, it may also mean that the stock could underperform in a rising market, limiting potential gains for investors seeking high returns.

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$86.83, with a high forecast of C$94.00 and a low forecast of C$80.00.
: 13 Wall Street equities research 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, 5 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 5.75% based on their 12-month stock forecasts.
: Over the previous 90 days, Toronto-Dominion Bank's stock had 3 downgrades and 2 upgrades by analysts.
: Toronto-Dominion Bank has been rated by research analysts at Barclays, BMO Capital Markets, Canaccord Genuity Group, CIBC, Cormark, Desjardins, Jefferies Financial Group, National Bankshares, Royal Bank of Canada, and Scotiabank in the past 90 days.
: Analysts like Toronto-Dominion Bank less than other "financial services" companies. The consensus rating for Toronto-Dominion Bank is Hold while the average consensus rating for "financial services" companies is Moderate Buy. Learn more on how TD compares to other companies.

Stock Forecasts and Research Tools

Related Companies

Today's Ratings

Top Rated Stocks

More Ratings Tools

This page (TSE:TD) was last updated on 1/21/2025 by MarketBeat.com Staff

From Our Partners

Get 30 Days of MarketBeat All Access for Free

Start Your 30-Day Trial

In-depth profiles and analysis for 20,000 public companies.
Real-time analyst ratings, insider transactions, earnings data, and more.
Our daily ratings and market update email newsletter.

Sign In
Create Account

Your Email Address:

Your Password:

Forgot your password?

Your Email Address:

Choose a Password:

By creating a free account, you agree to our terms of service. This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

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