Toronto-Dominion Bank (TD:CA) (TD)
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BofA Global Research has raised its 12 month target for Toronto-Dominion Bank to C$102 from C$94, citing the bank’s better-than-expected second-quarter earnings. The upgrade reflects confidence in the bank’s improved core earnings momentum, robust capital position, and better expense control.
Despite broader concerns about the Canadian banking sector—such as elevated consumer debt and slowing mortgage growth—TD’s results have stood out due to stronger net interest income and cost discipline.
Consensus Analyst Forecast
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Average 12-month Price Target (15 Analysts): C$89.13
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Average Analyst Rating: Buy
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Current Price (Last Close): C$92.91
Although the current market price is slightly above the average analyst target, many firms remain optimistic about TD’s fundamentals. The wide range in targets suggests mixed views on how macroeconomic headwinds—such as interest rate uncertainty and regulatory scrutiny—will affect the bank.
Recent Stock Performance
1 Week +3.43%
1 Month +7.82%
1 Year +20.23%
TD has outperformed many of its Canadian peers recently, driven by investor optimism around earnings resilience and a potential bottoming in loan loss provisions.
Outlook
Toronto-Dominion Bank remains a favored pick among analysts, especially following a strong quarterly performance. While its stock price is currently trading above the average 12-month target, bullish price revisions like the one from BofA (C$102) suggest room for further upside if favorable conditions persist. Investors should weigh the recent strength against macro and sectoral risks, as reflected in the slightly bearish technical outlook from Stock Target Advisor.
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.
