Toronto-Dominion Bank (TD:CA) (TD)
Scotia Capital raised its 12-month price target for Toronto-Dominion Bank (TD) from CAD 82 to CAD 95, reflecting increased confidence in the bank’s earnings outlook, credit quality, and improving macroeconomic conditions. While the rating remains “Sector Perform”, the notable 15.9% increase in the target price suggests Scotia sees upside potential from current levels but still expects the stock to perform in line with its peers in the Canadian banking sector.
Broader Analyst Sentiment
According to a consensus from 12 analysts:
Average 12-month target price: CAD 88.42
Average analyst rating: Buy
Stock Performance
Last Closing Price: CAD 92.81
Short-Term Momentum:
1 Week: +2.30%
1 Month: +8.42%1 Year Performance: +20.83%
Outlook
Scotia Capital’s upward revision to CAD 95 places its forecast above both the current average analyst target (CAD 88.42) and the current trading price (CAD 92.81), signaling moderate bullishness. However, the “Sector Perform” rating indicates that Scotia does not expect TD to outperform its banking sector peers despite the stock’s strong recent gains.
STA Research (StockTargetAdvisor.com) is a independent Investment Research company that specializes in stock forecasting and analysis with integrated AI, based on our platform stocktargetadvisor.com, EST 2007.