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

C$77.95
+0.48 (+0.62%)
(As of 05/17/2024 ET)

Toronto-Dominion Bank Consensus Analyst Rating 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.

Analysts' Consensus Rating

Moderate Buy
Based on 13 Analyst Ratings

Analysts' Consensus Price Target

C$89.05
14.24% Upside
High ForecastC$99.25
Average ForecastC$89.05
Low ForecastC$74.00
TypeCurrent Forecast
5/20/23 to 5/19/24
1 Month Ago
4/20/23 to 4/19/24
3 Months Ago
2/19/23 to 2/19/24
1 Year Ago
5/20/22 to 5/20/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
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
8 Buy rating(s)
8 Buy rating(s)
7 Buy rating(s)
7 Buy rating(s)
Hold
5 Hold rating(s)
4 Hold rating(s)
5 Hold rating(s)
4 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$89.05C$91.02C$90.62C$96.36
Predicted Upside14.24% Upside12.55% Upside11.83% Upside12.60% Upside
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TD Analyst Ratings 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 BankFinancial Services Companies
Consensus Rating Score
2.62
2.48
Consensus RatingModerate BuyHold
News Sentiment RatingPositive News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
5/17/2024Scotiabank
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 Lower TargetOutperformC$93.00 ➝ C$90.00+15.40%
5/6/2024CIBC
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 Lower TargetNeutralC$86.00 ➝ C$83.50+9.71%
5/6/2024Jefferies Financial Group
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 Lower TargetHoldC$82.00 ➝ C$74.00-2.77%
5/6/2024Desjardins
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 Lower TargetBuyC$104.00 ➝ C$93.00+22.19%
5/3/2024National Bankshares
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 Lower TargetSector PerformC$92.00 ➝ C$84.00+12.37%
4/5/2024BMO Capital Markets
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 Boost TargetC$81.00 ➝ C$86.00+6.48%
3/1/2024Canaccord Genuity Group
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 Boost TargetBuyC$95.00 ➝ C$96.00+17.47%
2/14/2024Bank of America
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 Lower TargetC$88.00 ➝ C$86.00+8.61%
12/1/2023Royal Bank of Canada
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 Lower TargetOutperformC$92.00 ➝ C$87.00+6.07%
11/23/2023Keefe, Bruyette & Woods
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 Lower TargetOutperformC$95.00 ➝ C$94.00+12.86%
9/12/2023CSFB
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 Set TargetOutperformC$93.00+13.01%
8/25/2023Cormark
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 Lower TargetBuyC$96.00 ➝ C$95.00+18.75%
8/25/2023Credit Suisse Group
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 Lower TargetC$93.00 ➝ C$92.00+14.64%
8/25/2023Barclays
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 Lower TargetEqual WeightC$84.00 ➝ C$82.00+1.65%
6/6/2023Fundamental Research
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 Set TargetBuyC$99.25+27.55%
5/26/2023National Bank Financial
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 Lower TargetC$94.00 ➝ C$90.00+15.05%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:43 PM ET.

TD Price Target - Frequently Asked Questions

What is Toronto-Dominion Bank's consensus rating and price target?

According to the issued ratings of 13 analysts in the last year, the consensus rating for Toronto-Dominion Bank stock is Moderate Buy based on the current 5 hold ratings and 8 buy ratings for TD. The average twelve-month price prediction for Toronto-Dominion Bank is C$89.05 with a high price target of C$99.25 and a low price target of C$74.00. 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 more than other Financial Services companies. The consensus rating for Toronto-Dominion Bank is Moderate Buy while the average consensus rating for financial services companies is Hold. Learn more on how TD compares to other companies.

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

Over the previous 90 days, Toronto-Dominion Bank's stock had 1 upgrade 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 12.38% based on their 12-month stock forecasts.

What analysts cover Toronto-Dominion Bank?

Toronto-Dominion Bank has been rated by BMO Capital Markets, Canaccord Genuity Group, CIBC, Desjardins, Jefferies Financial Group, National Bankshares, and Scotiabank in the past 90 days.


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This page (TSE:TD) was last updated on 5/19/2024 by MarketBeat.com Staff

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