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

Toronto-Dominion Bank (TSE:TD) (NYSE:TD) had its target price raised by investment analysts at National Bank Financial from C$138.00 to C$146.00 in a note issued to investors on Friday,BayStreet.CA reports. The brokerage currently has an “outperform” rating on the stock. National Bank Financial’s price objective would suggest a potential upside of 9.87% from the company’s previous close.

Several other analysts also recently issued reports on the stock. BMO Capital Markets upped their price objective on shares of Toronto-Dominion Bank from C$135.00 to C$144.00 and gave the stock an “outperform” rating in a report on Friday. Raymond James Financial upped their price target on shares of Toronto-Dominion Bank from C$122.00 to C$138.00 and gave the company a “market perform” rating in a report on Tuesday, February 17th. Jefferies Financial Group lowered their price target on Toronto-Dominion Bank from C$130.00 to C$128.00 in a research report on Wednesday, February 11th. Scotiabank boosted their price objective on Toronto-Dominion Bank from C$125.00 to C$132.00 in a research report on Friday, January 9th. Finally, Barclays raised their target price on Toronto-Dominion Bank from C$133.00 to C$135.00 in a report on Friday. Six research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of C$139.50.

Toronto-Dominion Bank Stock Performance

Shares of TD stock opened at C$132.88 on Friday. The stock’s 50 day simple moving average is C$130.43 and its 200 day simple moving average is C$118.53. Toronto-Dominion Bank has a twelve month low of C$78.06 and a twelve month high of C$136.49. The company has a market capitalization of C$222.81 billion, a price-to-earnings 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 results on Thursday, February 26th. The company reported C$2.44 EPS for the quarter. Toronto-Dominion Bank had a return on equity of 7.84% and a net margin of 15.80%.The company had revenue of C$16.63 billion for the quarter. On average, analysts forecast that Toronto-Dominion Bank will post 7.2160149 EPS for the current fiscal year.

Trending Headlines about 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.

Toronto-Dominion Bank Company Profile

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.