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

C$79.42
-0.29 (-0.36%)
(As of 07/19/2024 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

Based on 15 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 15 analysts, 2 have given a sell rating, 4 have given a hold rating, 8 have given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

C$86.97
9.50% Upside
High ForecastC$95.00
Average ForecastC$86.97
Low ForecastC$73.00

According to the 15 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is C$86.97. The highest price target for TD is C$95.00, while the lowest price target for TD is C$73.00. The average price target represents a forecasted upside of 9.50% from the current price of C$79.42.

TypeCurrent Forecast
7/21/23 to 7/20/24
1 Month Ago
6/21/23 to 6/20/24
3 Months Ago
4/22/23 to 4/21/24
1 Year Ago
7/21/22 to 7/21/23
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
8 Buy rating(s)
Hold
4 Hold rating(s)
3 Hold rating(s)
4 Hold rating(s)
2 Hold rating(s)
Sell
2 Sell rating(s)
2 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price TargetC$86.97C$87.32C$91.02C$93.45
Forecasted Upside9.50% Upside10.85% Upside12.55% Upside15.17% Upside
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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 BankFinancial Services Companies
Consensus Rating Score
2.53
2.51
Consensus RatingModerate BuyModerate Buy
News Sentiment RatingNeutral News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
7/2/2024UBS Group
4 of 5 stars
J. Shea
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Set TargetNeutralC$82.00+9.39%
6/6/2024Jefferies Financial Group
2 of 5 stars
 Lower TargetHoldC$76.00 ➝ C$73.00-5.05%
5/24/2024Cibc World Mkts
0 of 5 stars
P. Holden
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UpgradeHold ➝ Strong-Buy
5/24/2024National Bankshares
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 DowngradeSector Perform ➝ UnderperformC$84.00 ➝ C$75.00-3.00%
5/24/2024Desjardins
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 Lower TargetBuyC$93.00 ➝ C$91.00+17.69%
5/24/2024Canaccord Genuity Group
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 Boost TargetBuyC$91.00 ➝ C$93.50+20.93%
5/24/2024Scotiabank
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 Lower TargetOutperformC$90.00 ➝ C$87.00+12.52%
5/24/2024BMO Capital Markets
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 Lower TargetMarket PerformC$86.00 ➝ C$84.00+8.64%
5/24/2024Royal Bank of Canada
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 Boost TargetOutperformC$87.00 ➝ C$89.00+15.11%
5/24/2024CIBC
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 UpgradeNeutral ➝ OutperformC$83.50 ➝ C$88.00+13.81%
5/23/2024National Bank Financial
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G. Dechaine
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DowngradeHold ➝ Strong Sell
2/14/2024Bank of America
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 Lower TargetC$88.00 ➝ C$86.00+8.61%
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%
8/8/2022Kaufman Brothers
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 Lower TargetC$93.00 ➝ C$86.00+3.24%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 08:54 AM ET.

TD Forecast - Frequently Asked Questions

What is Toronto-Dominion Bank's forecast for 2024?

According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Toronto-Dominion Bank is C$86.97, with a high forecast of C$95.00 and a low forecast of C$73.00.

Should I buy or sell Toronto-Dominion Bank stock right now?

15 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last year. There are currently 2 sell ratings, 4 hold ratings, 8 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.

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

According to analysts, Toronto-Dominion Bank's stock has a predicted upside of 10.78% based on their 12-month stock forecasts.

Has Toronto-Dominion Bank been upgraded or downgraded by Wall Street analysts recently?

Over the previous 90 days, Toronto-Dominion Bank's stock had 2 upgrades and 2 downgrades by analysts.

What analysts cover Toronto-Dominion Bank?
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 score for Toronto-Dominion Bank is 2.53 while the average consensus rating score for "financial services" companies is 2.51. Learn more on how TD compares to other companies.


This page (TSE:TD) was last updated on 7/20/2024 by MarketBeat.com Staff

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