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

$55.54
-1.02 (-1.80%)
(As of 02:21 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

Hold
Based on 9 Analyst Ratings

Consensus Price Target

$88.00
58.44% Upside
High Forecast$94.00
Average Forecast$88.00
Low Forecast$82.00
TypeCurrent Forecast
5/29/23 to 5/28/24
1 Month Ago
4/29/23 to 4/28/24
3 Months Ago
2/28/23 to 2/28/24
1 Year Ago
5/29/22 to 5/29/23
Consensus Rating
Hold
Hold
Hold
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
2 Buy rating(s)
5 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
1 Hold rating(s)
Sell
1 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$88.00$89.33$89.33N/A
Forecasted Upside58.44% Upside52.38% Upside52.05% UpsideN/A
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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.
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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.
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Toronto-Dominion Bank Stock vs. The Competition

TypeToronto-Dominion BankFinance CompaniesS&P 500
Consensus Rating Score
2.22
2.44
2.49
Consensus RatingHoldHoldHold
Predicted Upside58.50% Upside59.18% Upside10.69% Upside
News Sentiment RatingNeutral News
Positive News
Positive News

Recent Analyst Forecasts and Stock Ratings

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/24/2024BMO Capital Markets
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 Lower TargetMarket Perform ➝ Market Perform$86.00 ➝ $84.00+48.07%
5/23/2024National Bank Financial
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G. Dechaine
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DowngradeSector Perform ➝ Underperform
4/17/2024Scotiabank
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 UpgradeSector Perform ➝ Sector Outperform
3/20/2024Barclays
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 Initiated CoverageEqual Weight
2/22/2024Jefferies Financial Group
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 Initiated CoverageHold
12/18/2023Bank of America
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 DowngradeBuy ➝ Neutral
11/22/2023CIBC
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 DowngradeSector Outperform ➝ Neutral
8/25/2023Credit Suisse Group
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 Lower TargetOutperform ➝ Outperform$93.00 ➝ $92.00+56.14%
8/25/2023Royal Bank of Canada
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 Lower TargetOutperform ➝ Outperform$96.00 ➝ $94.00+62.21%
2/7/2023Desjardins
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 Boost TargetC$105.00 ➝ C$106.00
12/5/2022Canaccord Genuity Group
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Scott Chan
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UpgradeHold ➝ BuyC$95.00 ➝ C$103.00
9/2/2022Keefe, Bruyette & Woods
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 UpgradeMarket Perform ➝ Outperform
7/13/2022Stifel Nicolaus
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 Lower TargetC$97.00 ➝ C$93.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:38 PM ET.

TD Frequently Asked Questions

What is Toronto-Dominion Bank's stock forecast and purchase recommendation?

According to the research reports of 9 Wall Street equities research analysts, the average twelve-month stock price forecast for Toronto-Dominion Bank is $88.00, with a high forecast of $94.00 and a low forecast of $82.00. The consensus rating for Toronto-Dominion Bank stock is Hold based on the current 1 sell rating, 5 hold ratings and 3 buy ratings for TD. Learn more on TD's analyst rating history.

Do Wall Street analysts like Toronto-Dominion Bank more than its competitors?

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 2.44. Learn more on how TD compares to other companies.

Is Toronto-Dominion Bank being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Toronto-Dominion Bank's stock had 1 upgrade and 1 downgrade by analysts.

Does Toronto-Dominion Bank's stock price have much upside?

According to analysts, Toronto-Dominion Bank's stock has a predicted upside of 51.50% based on their 12-month stock forecasts.

What analysts cover Toronto-Dominion Bank?

Toronto-Dominion Bank has been rated by research analysts at Barclays, BMO Capital Markets, National Bank Financial, and Scotiabank in the past 90 days.


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This page (NYSE:TD) was last updated on 5/28/2024 by MarketBeat.com Staff

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