Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, The Toronto-Dominion Bank (TD) has a Wall Street consensus price target of $89.52, based on estimates from 17 covering analysts. With the stock currently trading at $97.36, this represents a potential downside of -8.1%. The company has a market capitalization of $163.25B.
Analyst price targets range from a low of $87.53 to a high of $91.51, representing a 4% spread in expectations. The median target of $89.52 aligns closely with the consensus average. The tight target dispersion indicates high conviction among analysts.
The current analyst consensus rating is Hold, with 8 analysts rating the stock as a Buy or Strong Buy,9 rating it Hold, and 0 rating it Sell or Strong Sell. The mixed ratings reflect uncertainty about near-term direction.
From a valuation perspective, TD trades at a trailing P/E of 11.5x and forward P/E of 10.4x. The forward PEG ratio of 0.84 suggests the stock may be undervalued relative to its growth. Analysts expect EPS to grow -21.9% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $122.30, with bear and bull scenarios of $57.13 and $345.93 respectively. Model confidence stands at 48/100, suggesting limited visibility into future performance.
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Start ComparisonWall Street's consensus price target for TD is $89.52, -8.1% from its current price of $97.36. The below-market target from 17 analysts suggests limited near-term appreciation.
TD has a consensus rating of "Hold" based on 17 Wall Street analysts. The rating breakdown is mixed, with 9 Hold ratings making up the largest segment. The consensus 12-month price target of $89.52 implies -8.1% downside from current levels.
With a forward P/E of 10.428x, TD trades at a relatively low valuation. The consensus target of $89.52 implies -8.1% move, suggesting the market may be pricing in risks.
The most bullish Wall Street analyst has a price target of $91.511 for TD, while the most conservative target is $87.5322. The consensus of $89.52 represents the median expectation. Our quantitative valuation model projects a bull case target of $346 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
TD is well covered by analysts, with 17 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 8 have Buy ratings, 9 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
The 12-month TD stock forecast based on 17 Wall Street analysts shows a consensus price target of $89.52, with estimates ranging from $87.5322 (bear case) to $91.511 (bull case). The median consensus rating is "Hold". Our proprietary valuation model produces a base case fair value of $122, with bear/bull scenarios of $57/$346.
Our quantitative valuation model calculates TD's fair value at $122 (base case), with a bear case of $57 and bull case of $346. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 48/100.
TD trades at a forward P/E ratio of 10.4x based on next-twelve-months earnings estimates compared to a trailing P/E of 11.5x. The lower forward P/E indicates analysts expect earnings growth. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Analysts are cautious on TD, with 0 Sell ratings and a price target of $89.52 (-8.1% from current price). The "Hold" consensus suggests careful evaluation before buying. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
TD analyst price targets range from $87.5322 to $91.511, a 4% tight range reflecting strong analyst consensus. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $89.52 consensus represents the middle ground. Our model's $57-$346 range provides an independent fundamental perspective.