Toronto Dominion Bank (TD) Stock Forecast & Price Target

$119.67 -0.98 (-0.81%)

Closing price 09/28/2026 03:58 PM Eastern

Extended Trading

$119.54 -0.14 (-0.11%)

As of 09/28/2026 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

$156.00
30.36% Upside

According to the 9 analysts' twelve-month price targets for Toronto Dominion Bank, the average price target is $156.00. The highest price target for TD is $156.00, while the lowest price target for TD is $156.00. The average price target represents a forecasted upside of 30.36% from the current price of $119.67.

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 9/29/25 to 9/29/26	1 Month Ago 8/30/25 to 8/30/26	3 Months Ago 7/1/25 to 7/1/26	1 Year Ago 9/29/24 to 9/29/25
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)	5 Buy rating(s)	4 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 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	$156.00	$156.00	$156.00	$93.00
Forecasted Upside	30.36% Upside	28.57% Upside	27.61% Upside	16.54% 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	2.27	2.53
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	30.42% Upside	36.18% Upside	19.76% Upside
News Sentiment Rating	Positive 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

Date	Brokerage	Analyst	Action	Rating	Price Target	Report Date Upside/Downside
8/21/2026	Keefe, Bruyette & Woods 3 of 5 stars		Initiated Coverage	Market Perform
8/5/2026	Weiss Ratings 5 of 5 stars		Upgrade	Buy (B-) ➝ Buy (B)
6/1/2026	Royal Bank Of Canada 3 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 for the firm's recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform
5/4/2026	Scotiabank Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Mike Rizvanovic Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Sector Perform ➝ Sector Outperform
4/27/2026	Zacks Research Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
2/12/2026	Canadian Imperial Bank of Commerce Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Strong-Buy ➝ Hold
12/18/2025	National Bank Financial Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Sector Perform ➝ Outperform
11/25/2025	Jefferies Financial Group Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Downgrade	Buy ➝ Hold
8/13/2025	Desjardins Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Hold ➝ Buy
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.
1/17/2025	Bank of America Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating		Upgrade	Neutral ➝ Buy
12/19/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	Sohrab Movahedi Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform
11/21/2024	Barclays Subscribe to MarketBeat All Access for the firm's recommendation accuracy rating	B. Morton Subscribe to MarketBeat All Access for the analyst's recommendation accuracy rating	Downgrade	Equal Weight ➝ Underweight

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 01:26 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 Monday, September 28, 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 announced a strategic relationship with Cohere to support AI adoption, committing up to $25 million over three years to drive AI development and adoption, which positions the bank to leverage emerging technologies for operational efficiency and new revenue streams.
With the current stock price at $119.67, the shares are trading significantly below the average analyst price target of $156.00, suggesting substantial upside potential as the consensus rating remains a Moderate Buy from nine ratings firms.
The bank demonstrated strong financial performance in its most recent quarterly results, reporting earnings per share of $1.98, which exceeded the consensus estimate of $1.74, alongside a return on equity of 14.88% and a net margin of 14.41%.
Institutional investors are showing renewed interest in the stock, with Andra AP fonden purchasing a new position of 270,579 shares valued at approximately $32.86 million in the second quarter, indicating confidence in the bank's long-term value.
The Toronto-Dominion Bank offers a competitive dividend yield of 2.61%, providing income-focused investors with a steady return while the company maintains a payout ratio of 46.81%, leaving room for future dividend growth.

Toronto Dominion Bank
Bear Case

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

Short interest in The Toronto-Dominion Bank has been increasing recently, with shares shorted rising to 8,600,497 in the latest reporting period, reflecting a month-to-month change of -9.91% from the previous month but still indicating a notable level of bearish sentiment among traders.
The stock has experienced a recent decline, trading down $1.95 to $122.09 in a recent session, which may signal short-term weakness or market uncertainty despite the broader positive analyst consensus.
While the bank has a low debt-to-equity ratio of 0.09, its quick ratio and current ratio are both at 1.03, suggesting limited liquidity buffers that could be a concern in a tightening economic environment or during periods of increased credit risk.
Insider activity shows some selling pressure, with insider Kelvin Vi Luan Tran selling 8,000 shares at an average price of C$172.92, which may indicate a lack of confidence from company insiders in the current valuation or near-term outlook.
The Toronto-Dominion Bank faces competitive pressure in the banking sector, as evidenced by the need to continuously innovate and invest in areas like AI and digital infrastructure to maintain its market position against other major financial institutions.

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

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

According to analysts, Toronto Dominion Bank's stock has a predicted upside of 30.36% based on their 12-month stock forecasts.

Over the previous 90 days, Toronto Dominion Bank's stock had 1 upgrade 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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Brokerages With Toronto Dominion Bank Recommendations

MarketBeat monitors more than a dozen sources for Toronto Dominion Bank analyst ratings, with the most recent rating issued on 8/21/2026.

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Toronto Dominion Bank (TD) Stock Forecast & Price Target