Desjardins Forecasts Strong Price Appreciation for Toronto-Dominion Bank (TSE:TD) Stock

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its price target upped by equities researchers at Desjardins from C$139.00 to C$145.00 in a report released on Friday,BayStreet.CA reports. The brokerage presently has a “buy” rating on the stock. Desjardins’ price objective points to a potential upside of 9.12% from the company’s current price.

Several other analysts also recently issued reports on the company. Raymond James Financial raised their price target on Toronto-Dominion Bank from C$122.00 to C$138.00 and gave the stock a “market perform” rating in a report on Tuesday, February 17th. Canadian Imperial Bank of Commerce increased their target price on Toronto-Dominion Bank from C$136.00 to C$140.00 and gave the stock a “neutral” rating in a research report on Friday. Barclays boosted their price target on shares of Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday. Scotiabank upped their price target on shares of Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Finally, UBS Group lifted their price objective on shares of Toronto-Dominion Bank from C$122.00 to C$126.00 in a research report on Monday, December 8th. Six analysts have rated the stock with a Buy rating, three have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of C$139.50.

Toronto-Dominion Bank Stock Performance

Toronto-Dominion Bank stock opened at C$132.88 on Friday. Toronto-Dominion Bank has a 1 year low of C$78.06 and a 1 year high of C$136.49. The firm’s 50-day moving average is C$130.43 and its 200-day moving average is C$118.53. The company has a market cap of C$222.81 billion, a P/E ratio of 11.49, a PEG ratio of 1.22 and a beta of 1.00.

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) last announced its quarterly earnings data on Thursday, February 26th. The company reported C$2.44 earnings per share for the quarter. Toronto-Dominion Bank had a net margin of 15.80% and a return on equity of 7.84%. The business had revenue of C$16.63 billion during the quarter. As a group, sell-side analysts predict that Toronto-Dominion Bank will post 7.2160149 earnings per share for the current year.

Key Stories Impacting Toronto-Dominion Bank

Here are the key news stories impacting Toronto-Dominion Bank this week:

• Positive Sentiment: Record Q1 results — TD reported C$2.44 EPS and C$16.63B in revenue, with management highlighting strong performance across Canadian and U.S. retail and markets businesses, plus a sizable renewed buyback and wealth‑business consolidation. This supports fundamentals and capital return. Toronto Dominion Bank Earnings Strength And Wealth Shift Test Valuation
• Positive Sentiment: Broad analyst upgrades — Multiple firms raised price targets, notably RBC to C$148, Canaccord to C$147, National Bank to C$146, BMO to C$144, Desjardins to C$145 and Scotiabank to C$142, reflecting conviction that earnings and capital actions support further upside. Analyst Ratings Roundup
• Neutral Sentiment: Some firms maintained neutral/market‑perform stances despite higher targets — CIBC raised its target but stayed neutral (C$140), and Raymond James kept a market‑perform view, indicating not all analysts see immediate strong upside. Analyst Ratings Roundup TickerReport: CIBC
• Neutral Sentiment: Minor raises with limited upside — Barclays raised its target modestly (to C$135), implying only small near‑term upside from current levels. Analyst Ratings Roundup
• Negative Sentiment: Valuation and profit‑taking pressure — Coverage pointing out a ~63% one‑year gain and questions about whether the stock is fully priced may be prompting sellers and trimming by momentum investors. This valuation narrative can offset positive earnings news. Is It Too Late To Consider Toronto-Dominion Bank
• Negative Sentiment: Price softness today — despite the bullish analyst revisions and strong results, the stock traded lower as investors likely digested valuation risk and rotated profits; watch whether follow‑through selling continues or buyers step in on the analyst‑led support.

About Toronto-Dominion Bank

Toronto-Dominion is one of Canada’s two largest banks and operates three business segments: Canadian retail banking, U.S. retail banking, and wholesale banking. The bank’s U.S. operations span from Maine to Florida, with a strong presence in the Northeast. It also has a 13% ownership stake in Charles Schwab.