Toronto Dominion Bank (TD) Stock Forecast & Price Target

$120.39 +0.62 (+0.52%)

Closing price 10/16/2026 03:59 PM Eastern

Extended Trading

$120.40 +0.00 (+0.00%)

As of 10/16/2026 07:30 PM Eastern

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Toronto Dominion Bank - Analysts' Recommendations and Stock Price Forecast (2026)

Consensus Rating

Moderate Buy

Based on 9 Analyst Ratings

Sell
0

Hold
4

Buy
5

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 "Moderate Buy." Out of the 9 analysts, 4 have given a hold rating, 4 have given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

$148.00
22.93% Upside

According to the 9 analysts' twelve-month price targets for Toronto Dominion Bank, the average price target is $148.00. The highest price target for TD is $156.00, while the lowest price target for TD is $140.00. The average price target represents a forecasted upside of 22.93% from the current price of $120.39.

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.

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TD Analyst Ratings Over Time

Type	Current Forecast 10/18/25 to 10/18/26	1 Month Ago 9/18/25 to 9/18/26	3 Months Ago 7/20/25 to 7/20/26	1 Year Ago 10/18/24 to 10/18/25
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$148.00	$137.33	$116.33	$104.50
Forecasted Upside	22.93% Upside	12.27% Upside	-3.35% Downside	31.81% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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	Broader Market
Consensus Rating Score	2.67	2.28	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	22.93% Upside	39.55% Upside	18.02% Upside
News Sentiment Rating	Positive News See Recent TD News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

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Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
9/28/2026	Weiss Ratings 3 of 5 stars		Upgrade	Buy (B) ➝ Buy (B+)
8/21/2026	Keefe, Bruyette & Woods 3 of 5 stars		Initiated Coverage	Market Perform
6/1/2026	Royal Bank Of Canada 2 of 5 stars	Darko Mihelic 3 of 5 stars	Boost Target	Outperform	$138.00 ➝ $156.00	+39.07%
5/12/2026	Raymond James Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Market Perform ➝ Outperform
5/4/2026	Scotiabank Subscribe to MarketBeat All Access to unlock brokerage rankings	Mike Rizvanovic Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Sector Perform ➝ Sector Outperform
4/27/2026	Zacks Research Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Strong-Buy ➝ Hold
2/27/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$140.00	+17.58%
12/18/2025	National Bank Financial Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Sector Perform ➝ Outperform
11/25/2025	Jefferies Financial Group Subscribe to MarketBeat All Access to unlock brokerage rankings		Downgrade	Buy ➝ Hold
9/30/2025	Desjardins Subscribe to MarketBeat All Access to unlock brokerage rankings		Boost Target		$116.00	-2.58%
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1/17/2025	Bank of America Subscribe to MarketBeat All Access to unlock brokerage rankings		Upgrade	Neutral ➝ Buy
12/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access to unlock brokerage rankings	Sohrab Movahedi Subscribe to MarketBeat All Access to unlock analyst rankings	Upgrade	Market Perform ➝ Outperform
11/21/2024	Barclays Subscribe to MarketBeat All Access to unlock brokerage rankings	B. Morton Subscribe to MarketBeat All Access to unlock analyst rankings	Downgrade	Equal Weight ➝ Underweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:08 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 Saturday, October 17, 2026. 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 reported record third-quarter earnings, beating analyst consensus estimates with an actual earnings per share of $1.98 compared to the expected $1.74, while also exceeding revenue forecasts with $12.07 billion in revenue against an estimate of $10.70 billion, demonstrating strong fundamental performance and operational efficiency.
Investors can benefit from the bank's commitment to returning capital to shareholders, as The Toronto-Dominion Bank recently received regulatory approval for a new large-scale share buyback program, which is intended to support the stock price and enhance value for existing holders alongside a consistent dividend payout ratio of 46.81%.
The company is actively leveraging technology to improve efficiency and customer experience, having recently expanded agentic AI capabilities across its mortgage operations to make banking faster and simpler, a strategic move that positions the bank competitively in the evolving financial services landscape.
With the stock currently trading at $120.39, The Toronto-Dominion Bank offers a compelling valuation profile with a P/E ratio of 17.89 and a dividend yield of 2.63%, providing a balance of growth potential and income generation that is attractive to long-term investors.
Analyst sentiment remains positive, with a consensus rating of Moderate Buy and an average price target of $148.00, suggesting significant upside potential from the current price level as research firms continue to highlight the bank's strong capital position and growth opportunities in its U.S. and Canadian markets.

Toronto Dominion Bank
Bear Case

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

Some analysts have recently downgraded their outlook, citing that the stock's valuation is getting stretched after a significant run-up, with one recent report noting that the buy window may be shut now due to the stock's strong performance relative to the S&P 500 index since late 2024.
Institutional investors have shown mixed signals, with TD Waterhouse Canada Inc. cutting its holdings in The Toronto-Dominion Bank by 0.4% during the third quarter, and other firms like Godsey & Gibb Inc. and Montrusco Bolton Investments Inc. also reducing their positions, which could indicate a lack of conviction among large holders.
The bank faces potential headwinds from economic uncertainty, as evidenced by a 31.1% year-over-year decline in revenue in the second quarter of 2026, suggesting that the company's performance may be sensitive to broader economic conditions and consumer spending trends.
Short interest in The Toronto-Dominion Bank has increased in recent months, with shares shorted rising to 12,121,790 as of September 30, 2026, indicating that some market participants are betting against the stock's future performance and potentially signaling underlying concerns about its trajectory.
The company's debt-to-equity ratio, while low at 0.09, must be monitored in the context of its capital management strategy, as the new share buyback program, while positive for shareholders, could potentially limit the bank's flexibility to invest in growth initiatives or respond to unexpected market challenges.

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 $148.00, with a high forecast of $156.00 and a low forecast of $140.00.

9 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto Dominion Bank in the last twelve months. There are currently 4 hold ratings, 4 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" TD shares.

According to analysts, Toronto Dominion Bank's stock has a predicted upside of 22.93% 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 Keefe, Bruyette & Woods, and Weiss Ratings in the past 90 days.

Analysts like Toronto Dominion Bank more than other "finance" companies. The consensus rating for Toronto Dominion Bank is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how TD compares to other companies.

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MarketBeat monitors more than a dozen sources for Toronto Dominion Bank analyst ratings, with the most recent rating issued on 9/28/2026.

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Toronto Dominion Bank (TD) Stock Forecast & Price Target