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

C$76.22 +0.61 (+0.81%)

(As of 12/24/2024 01:21 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 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$86.50
13.49% Upside

According to the 13 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is C$86.50. 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 13.49% from the current price of C$76.22.

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TD Analyst Ratings Over Time

Type	Current Forecast 12/26/23 to 12/25/24	1 Month Ago 11/26/23 to 11/25/24	3 Months Ago 9/27/23 to 9/26/24	1 Year Ago 12/26/22 to 12/26/23
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)	7 Buy rating(s)	7 Buy rating(s)
Hold	6 Hold rating(s)	6 Hold rating(s)	5 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$86.50	C$87.67	C$87.79	C$90.68
Forecasted Upside	13.49% Upside	12.67% Upside	2.88% Upside	6.54% Upside
Consensus Rating	Hold	Hold	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	2.46	2.65
Consensus Rating	Hold	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
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 2 of 5 stars		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%
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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
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%
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 Wednesday at 01:44 AM 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 Wednesday, December 18, 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 has a strong market capitalization of C$138.65 billion, indicating a robust financial position and stability, which can be attractive to investors seeking reliable investments.
The stock is currently priced at C$79.23, which is below the average price target of C$87.42 set by analysts, suggesting potential for price appreciation.
The bank recently reported a quarterly revenue of C$14.18 billion, exceeding analysts' expectations, which reflects strong operational performance and growth potential.
With a dividend yield of 5.15% and an annualized dividend of $4.08, The Toronto-Dominion Bank offers attractive income for investors, making it appealing for those seeking regular cash flow.
The bank's PE ratio of 18.34 is relatively reasonable, indicating that the stock may be fairly valued compared to its earnings, which can be a positive sign for potential investors.

Toronto-Dominion Bank
Bear Case

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

The stock has experienced a slight decline of 0.2% recently, which may indicate short-term volatility and uncertainty in the market.
The bank's return on equity is 7.33%, which, while positive, may be considered low compared to other financial institutions, suggesting less efficiency in generating profits from shareholders' equity.
Analysts have mixed ratings on the stock, with one sell recommendation and several hold ratings, indicating a lack of strong bullish sentiment among market experts.
The payout ratio of 94.44% suggests that the bank is distributing a high percentage of its earnings as dividends, which could limit its ability to reinvest in growth opportunities.
Recent downgrades from analysts, including a reduction in price targets, may signal concerns about the bank's future performance and market conditions.

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$86.50, with a high forecast of C$94.00 and a low forecast of C$80.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. 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 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 13.49% 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, 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.

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This page (TSE:TD) was last updated on 12/25/2024 by MarketBeat.com Staff

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