Toronto-Dominion Bank (TD) Stock Forecast, Price Target & Predictions
TD Stock Forecast
Toronto-Dominion Bank stock forecast is as follows: an average price target of $89.52 (represents a 60.03% upside from TD’s last price of $55.94) and a rating consensus of 'Buy', based on 23 wall street analysts offering a 1-year stock forecast.
TD Price Target
The average price target for Toronto-Dominion Bank (TD) is $89.52 based on 1-year price targets from 23 Wall Street analysts in the past 3 months, with a price target range of $91.51 to $87.53. This represents a potential 60.03% upside from TD's last price of $55.94.
TD Analyst Ratings
According to 23 Wall Street analysts, Toronto-Dominion Bank's rating consensus is 'Buy'. The analyst rating breakdown for TD stock is 0 'Strong Buy' (0.00%), 13 'Buy' (56.52%), 10 'Hold' (43.48%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
Toronto-Dominion Bank Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Feb 17, 2022 | Paul Holden | CIBC | $91.51 | $83.14 | 10.07% | 63.59% |
| Nov 22, 2021 | Ebrahim Poonawala | Bank of America Securities | $87.53 | $71.92 | 21.71% | 56.48% |
The latest Toronto-Dominion Bank stock forecast, released on Feb 17, 2022 by Paul Holden from CIBC, set a price target of $91.51, which represents a 10.07% increase from the stock price at the time of the forecast ($83.14), and a 63.59% increase from TD last price ($55.94).
Toronto-Dominion Bank Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | - | - | - |
| Avg Price Target | - | - | - |
| Last Closing Price | $55.94 | $55.94 | $55.94 |
| Upside/Downside | -100.00% | -100.00% | -100.00% |
In the current month, the average price target of Toronto-Dominion Bank stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Toronto-Dominion Bank's last price of $55.94. This month's average price target is down NaN% compared to last quarter, and down NaN% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 14, 2024 | Scotiabank | Sector Outperform | Sector Outperform | Hold |
| Oct 11, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Oct 11, 2024 | RBC Capital | Outperform | Sector Perform | Downgrade |
| Oct 11, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Sep 20, 2024 | Bank of America Securities | Neutral | Neutral | Hold |
| Sep 06, 2024 | CIBC | Outperform | Outperform | Hold |
| Aug 23, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
| Aug 22, 2024 | National Bank | Underperform | Sector Perform | Upgrade |
| Jul 02, 2024 | UBS | Sell | Neutral | Initialise |
| May 24, 2024 | BMO Capital | Market Perform | Market Perform | Hold |
Toronto-Dominion Bank's last stock rating was published by Scotiabank on Oct 14, 2024. The company gave TD a "Sector Outperform" rating, the same as its previous rate.
Toronto-Dominion Bank Financial Forecast
Toronto-Dominion Bank Revenue Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.01B | $11.93B | $11.50B | - | $11.17B | $10.83B | $10.60B | - | $10.71B | $11.03B | $11.03B | - | $10.68B | $10.25B | $10.41B |
| Avg Forecast | $13.49B | $13.39B | $13.20B | $13.35B | $13.04B | $13.02B | $12.88B | $13.05B | $12.69B | $12.88B | $12.43B | $12.28B | $12.25B | $12.12B | $12.42B | $12.03B | $11.29B | $10.90B | $10.25B | $10.46B | $9.89B | $9.80B | $9.93B | $9.76B | $9.44B | $10.41B | $10.23B | $10.24B | $10.16B | $10.09B |
| High Forecast | $13.49B | $13.39B | $13.20B | $13.35B | $13.04B | $13.02B | $12.88B | $13.05B | $12.69B | $12.88B | $12.43B | $12.28B | $12.25B | $12.12B | $12.42B | $12.03B | $11.73B | $11.32B | $10.65B | $10.87B | $10.27B | $10.18B | $10.32B | $10.14B | $9.81B | $10.81B | $10.63B | $10.64B | $10.56B | $10.49B |
| Low Forecast | $13.49B | $13.39B | $13.20B | $13.35B | $13.04B | $13.02B | $12.88B | $13.05B | $12.69B | $12.88B | $12.43B | $12.28B | $12.25B | $12.12B | $12.42B | $12.03B | $11.03B | $10.65B | $10.02B | $10.23B | $9.66B | $9.58B | $9.71B | $9.54B | $9.23B | $10.17B | $10.00B | $10.01B | $9.93B | $9.87B |
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 10 | 14 | 8 | 7 | 9 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.08% | 1.06% | 1.06% | - | 1.07% | 1.10% | 1.08% | - | 1.10% | 1.17% | 1.06% | - | 1.04% | 1.01% | 1.03% |
Toronto-Dominion Bank's average Quarter revenue forecast for May 23 based on 1 analysts is $12.42B, with a low forecast of $12.42B, and a high forecast of $12.42B. TD's average Quarter revenue forecast represents a -4.56% decrease compared to the company's last Quarter revenue of $13.01B (Jan 23).
Toronto-Dominion Bank EBITDA Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 10 | 14 | 8 | 7 | 9 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $13.28B | $15.50B | $8.09B | - | $6.37B | $6.34B | $6.24B | - | $6.26B | $6.97B | $4.78B | - | $8.23B | $8.24B | $9.03B |
| Avg Forecast | - | - | - | - | - | - | - | - | - | - | $7.60B | - | - | - | $6.91B | $6.62B | $5.23B | $5.05B | $6.28B | $4.85B | $4.58B | $4.54B | $4.83B | $4.52B | $4.37B | $4.82B | $8.33B | $4.74B | $4.71B | $4.68B |
| High Forecast | - | - | - | - | - | - | - | - | - | - | $9.12B | - | - | - | $8.29B | $7.95B | $5.43B | $5.25B | $7.53B | $5.04B | $4.76B | $4.72B | $5.80B | $4.70B | $4.55B | $5.01B | $10.00B | $4.93B | $4.89B | $4.86B |
| Low Forecast | - | - | - | - | - | - | - | - | - | - | $6.08B | - | - | - | $5.53B | $5.30B | $5.11B | $4.94B | $5.02B | $4.74B | $4.48B | $4.44B | $3.87B | $4.42B | $4.28B | $4.71B | $6.67B | $4.64B | $4.60B | $4.57B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 2.01% | 2.96% | 1.60% | - | 1.31% | 1.38% | 1.37% | - | 1.38% | 1.59% | 0.99% | - | 1.74% | 1.75% | 1.93% |
1 analysts predict TD's average Quarter EBITDA for May 23 to be $6.91B, with a high of $8.29B and a low of $5.53B. This is -48.00% lower than Toronto-Dominion Bank's previous annual EBITDA (Jan 23) of $13.28B.
Toronto-Dominion Bank Net Income Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 10 | 14 | 8 | 7 | 9 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $1.58B | $6.67B | $3.21B | - | $3.50B | $3.78B | $3.54B | - | $3.28B | $5.14B | $2.25B | - | $2.99B | $2.86B | $3.25B |
| Avg Forecast | $4.05B | $3.77B | $3.54B | $3.67B | $3.52B | $3.58B | $3.34B | $3.49B | $3.21B | $3.64B | $4.45B | $3.37B | $3.29B | $3.57B | $4.05B | $3.95B | $3.57B | $3.57B | $3.68B | $3.56B | $3.42B | $3.34B | $2.53B | $2.60B | $2.22B | $2.15B | $3.02B | $2.95B | $3.04B | $3.16B |
| High Forecast | $4.05B | $3.77B | $3.54B | $3.67B | $3.52B | $3.58B | $3.34B | $3.54B | $3.32B | $3.64B | $5.34B | $3.37B | $3.46B | $3.57B | $4.86B | $4.74B | $3.76B | $3.76B | $4.41B | $3.75B | $3.59B | $3.51B | $3.04B | $2.73B | $2.33B | $2.26B | $3.63B | $3.10B | $3.19B | $3.32B |
| Low Forecast | $4.05B | $3.77B | $3.54B | $3.67B | $3.52B | $3.58B | $3.34B | $3.44B | $3.04B | $3.64B | $3.56B | $3.37B | $3.12B | $3.57B | $3.24B | $3.16B | $3.47B | $3.47B | $2.94B | $3.46B | $3.32B | $3.24B | $2.02B | $2.53B | $2.15B | $2.08B | $2.42B | $2.87B | $2.95B | $3.07B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.40% | 1.87% | 0.90% | - | 0.98% | 1.11% | 1.06% | - | 1.26% | 2.32% | 1.05% | - | 1.01% | 0.94% | 1.03% |
Toronto-Dominion Bank's average Quarter net income forecast for May 23 is $4.05B, with a range of $3.24B to $4.86B. TD's average Quarter net income forecast represents a 155.77% increase compared to the company's last Quarter net income of $1.58B (Jan 23).
Toronto-Dominion Bank SG&A Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 10 | 14 | 8 | 7 | 9 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $4.73B | $4.23B | $4.16B | - | $4.03B | $3.70B | $3.88B | - | $3.94B | $3.73B | $4.01B | - | $4.01B | $3.65B | $3.76B |
| Avg Forecast | $5.18B | $5.14B | $5.06B | $5.12B | $5.00B | $4.99B | $4.94B | $5.01B | $4.87B | $4.94B | $5.15B | $4.71B | $4.70B | $4.65B | $4.68B | $4.26B | $4.13B | $3.99B | $4.26B | $3.83B | $3.62B | $3.59B | $3.24B | $3.57B | $3.45B | $3.81B | $4.05B | $3.75B | $3.72B | $3.69B |
| High Forecast | $5.18B | $5.14B | $5.06B | $5.12B | $5.00B | $4.99B | $4.94B | $5.01B | $4.87B | $4.94B | $6.18B | $4.71B | $4.70B | $4.65B | $5.62B | $5.11B | $4.29B | $4.14B | $5.11B | $3.98B | $3.76B | $3.73B | $3.89B | $3.71B | $3.59B | $3.96B | $4.87B | $3.89B | $3.86B | $3.84B |
| Low Forecast | $5.18B | $5.14B | $5.06B | $5.12B | $5.00B | $4.99B | $4.94B | $5.01B | $4.87B | $4.94B | $4.12B | $4.71B | $4.70B | $4.65B | $3.75B | $3.41B | $4.04B | $3.90B | $3.41B | $3.74B | $3.54B | $3.51B | $2.60B | $3.49B | $3.38B | $3.72B | $3.24B | $3.66B | $3.64B | $3.61B |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.11% | 1.02% | 1.04% | - | 1.05% | 1.02% | 1.08% | - | 1.10% | 1.08% | 1.05% | - | 1.07% | 0.98% | 1.02% |
Toronto-Dominion Bank's average Quarter SG&A projection for May 23 is $4.68B, based on 1 Wall Street analysts, with a range of $3.75B to $5.62B. The forecast indicates a -1.07% fall compared to TD last annual SG&A of $4.73B (Jan 23).
Toronto-Dominion Bank EPS Forecast
| Oct 26 | Jul 26 | May 26 | Jan 26 | Oct 25 | Jul 25 | May 25 | Jan 25 | Oct 24 | Jul 24 | May 24 | Jan 24 | Oct 23 | Jul 23 | May 23 | Jan 23 | Oct 22 | Jul 22 | May 22 | Jan 22 | Oct 21 | Jul 21 | May 21 | Jan 21 | Oct 20 | Jul 20 | May 20 | Jan 20 | Oct 19 | Jul 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 8 | 10 | 14 | 8 | 7 | 9 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.82 | $3.70 | $1.76 | - | $1.92 | $2.08 | $1.92 | - | $1.77 | $2.80 | $1.21 | - | $1.61 | $1.54 | $1.75 |
| Avg Forecast | $2.32 | $2.15 | $2.02 | $2.10 | $2.01 | $2.05 | $1.91 | $2.00 | $1.83 | $2.08 | $1.83 | $1.93 | $1.88 | $2.04 | $2.09 | $2.21 | $2.04 | $2.04 | $1.93 | $2.04 | $1.96 | $1.91 | $1.76 | $1.49 | $1.27 | $1.23 | $0.94 | $1.69 | $1.74 | $1.81 |
| High Forecast | $2.32 | $2.15 | $2.02 | $2.10 | $2.01 | $2.05 | $1.91 | $2.02 | $1.90 | $2.08 | $1.84 | $1.93 | $1.98 | $2.04 | $2.18 | $2.21 | $2.15 | $2.15 | $2.01 | $2.14 | $2.05 | $2.01 | $1.84 | $1.56 | $1.33 | $1.29 | $0.99 | $1.77 | $1.83 | $1.90 |
| Low Forecast | $2.32 | $2.15 | $2.02 | $2.10 | $2.01 | $2.05 | $1.91 | $1.97 | $1.74 | $2.08 | $1.83 | $1.93 | $1.79 | $2.04 | $2.01 | $2.21 | $1.99 | $1.99 | $1.86 | $1.98 | $1.90 | $1.85 | $1.70 | $1.45 | $1.23 | $1.19 | $0.91 | $1.64 | $1.69 | $1.76 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.37% | 1.81% | 0.86% | - | 0.94% | 1.06% | 1.01% | - | 1.19% | 2.21% | 0.98% | - | 0.95% | 0.89% | 0.97% |
According to 1 Wall Street analysts, Toronto-Dominion Bank's projected average Quarter EPS for May 23 is $2.09, with a low estimate of $2.01 and a high estimate of $2.18. This represents a 155.41% increase compared to TD previous annual EPS of $0.82 (Jan 23).
Toronto-Dominion Bank Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| CM | Canadian Imperial Bank of Commerce | $64.89 | $106.62 | 64.31% | Buy |
| TD | Toronto-Dominion Bank | $55.94 | $89.52 | 60.03% | Buy |
| BMO | Bank of Montreal | $94.04 | $120.95 | 28.62% | Hold |
| BNS | Bank of Nova Scotia | $56.30 | $71.53 | 27.05% | Hold |
| BAC | Bank of America | $46.06 | $48.63 | 5.58% | Buy |
| C | Citigroup | $68.28 | $70.05 | 2.59% | Buy |
| NU | Nu | $13.32 | $12.69 | -4.73% | Buy |
| RY | Royal Bank of Canada | $121.79 | $107.81 | -11.48% | Buy |
| WFC | Wells Fargo & Company | $73.58 | $63.70 | -13.43% | Buy |
| JPM | JPMorgan Chase | $240.78 | $204.63 | -15.01% | Buy |