Free Trial

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

Toronto-Dominion Bank logo
$55.29
-0.36 (-0.65%)
(As of 10/31/2024 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

Sell
0
Hold
8
Buy
2

Based on 10 Wall Street analysts who have issued ratings for Toronto-Dominion Bank in the last 12 months, the stock has a consensus rating of "Hold." Out of the 10 analysts, 8 have given a hold rating, 1 has given a buy rating, and 1 has given a strong buy rating for TD.

Consensus Price Target

$84.00
51.98% Upside
According to the 10 analysts' twelve-month price targets for Toronto-Dominion Bank, the average price target is $84.00. The highest price target for TD is $84.00, while the lowest price target for TD is $84.00. The average price target represents a forecasted upside of 51.98% from the current price of $55.29.
Get the Latest News and Ratings for TD and Related Stocks

Enter your email address to receive the latest news and analysts' ratings for Toronto-Dominion Bank and its competitors.

Sign Up

TD Analyst Ratings Over Time

TypeCurrent Forecast
11/1/23 to 10/31/24
1 Month Ago
10/2/23 to 10/1/24
3 Months Ago
8/3/23 to 8/2/24
1 Year Ago
11/1/22 to 11/1/23
Strong Buy
1 Strong Buy rating(s)
1 Strong Buy rating(s)
1 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
1 Buy rating(s)
1 Buy rating(s)
3 Buy rating(s)
5 Buy rating(s)
Hold
8 Hold rating(s)
7 Hold rating(s)
6 Hold rating(s)
1 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$84.00$84.00$88.00$89.33
Forecasted Upside51.98% Upside32.20% Upside55.26% Upside59.78% Upside
Consensus Rating
Hold
Hold
Hold
Moderate Buy

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.
Skip Chart & View Analyst Rating History

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.
Skip Chart and View Analyst Price Target HistorySkip Chart & View Price History Table

Toronto-Dominion Bank Stock vs. The Competition

TypeToronto-Dominion BankFinance CompaniesS&P 500
Consensus Rating Score
2.30
2.48
2.50
Consensus RatingHoldHoldHold
Predicted Upside52.20% Upside14.53% Upside10.08% Upside
News Sentiment Rating
Neutral News

See Recent TD News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
10/11/2024Royal Bank of Canada
4 of 5 stars
D. Mihelic
Subscribe to MarketBeat All Access for the recommendation accuracy rating
DowngradeOutperform ➝ Sector Perform
8/22/2024National Bank Financial
5 of 5 stars
G. Dechaine
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeUnderperform ➝ Sector Perform
7/2/2024UBS Group
4 of 5 stars
J. Shea
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Initiated CoverageNeutral
5/24/2024Cibc World Mkts
Subscribe to MarketBeat All Access for the recommendation accuracy rating
P. Holden
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold ➝ Strong-Buy
5/24/2024BMO Capital Markets
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetMarket Perform ➝ Market Perform$86.00 ➝ $84.00+48.07%
4/17/2024Scotiabank
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeSector Perform ➝ Sector Outperform
3/20/2024Barclays
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageEqual Weight
2/22/2024Jefferies Financial Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Initiated CoverageHold
12/18/2023Bank of America
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeBuy ➝ Neutral
11/22/2023CIBC
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 DowngradeSector Outperform ➝ Neutral
8/25/2023Credit Suisse Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Lower TargetOutperform ➝ Outperform$93.00 ➝ $92.00+56.14%
2/7/2023Desjardins
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost TargetC$105.00 ➝ C$106.00
12/5/2022Canaccord Genuity Group
Subscribe to MarketBeat All Access for the recommendation accuracy rating
Scott Chan
Subscribe to MarketBeat All Access for the recommendation accuracy rating
UpgradeHold ➝ BuyC$95.00 ➝ C$103.00

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 07:13 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 Sunday, October 20, 2024. Please send any questions or comments about these Toronto-Dominion Bank pros and cons to contact@marketbeat.com.

Toronto-Dominion Bank
Bull Case

green Wall Street bull icon

Here are some ways that investors could benefit from investing in The Toronto-Dominion Bank:

  • The Toronto-Dominion Bank has shown consistent revenue growth over the past year, indicating a strong financial performance.
  • The company has a healthy dividend yield of 4.59%, providing investors with a steady income stream.
  • With a PE ratio of 14.64, The Toronto-Dominion Bank's stock is currently undervalued compared to industry peers, presenting a potential buying opportunity.
  • Analysts predict The Toronto-Dominion Bank to post 5.84 EPS for the current year, suggesting positive earnings growth.
  • Despite market volatility, The Toronto-Dominion Bank has maintained a stable debt-to-equity ratio of 0.10, indicating a strong financial position.

Toronto-Dominion Bank
Bear Case

red Wall Street bear icon

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

  • One analyst has rated the stock with a sell rating, indicating some concerns about the company's performance.
  • The recent reduction in the company's price target from $86.00 to $84.00 by BMO Capital Markets may signal potential challenges ahead.
  • The Toronto-Dominion Bank's 52-week high of $65.12 may pose resistance levels for further stock price appreciation.
  • Market volatility and economic uncertainties could impact The Toronto-Dominion Bank's financial performance and stock price in the short term.
  • Investors should closely monitor any changes in the company's dividend policy, especially after the recent dividend cut, to assess future income potential.

TD Forecast - Frequently Asked Questions

According to the research reports of 10 Wall Street equities research analysts, the average twelve-month stock price forecast for Toronto-Dominion Bank is $84.00, with a high forecast of $84.00 and a low forecast of $84.00.

10 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Toronto-Dominion Bank in the last twelve months. There are currently 8 hold ratings, 1 buy rating and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" TD shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in TD, but not buy additional shares or sell existing shares.

According to analysts, Toronto-Dominion Bank's stock has a predicted upside of 51.93% 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 National Bank Financial, and Royal Bank of Canada in the past 90 days.

Analysts like Toronto-Dominion Bank less than other "finance" companies. The consensus rating score for Toronto-Dominion Bank is 2.30 while the average consensus rating score for "finance" companies is 2.48. Learn more on how TD compares to other companies.


This page (NYSE:TD) was last updated on 10/31/2024 by MarketBeat.com Staff
From Our Partners