48/100BToronto Dominion Bank stock forecast 2026–2030
Analysts' average 12-month price target for Toronto Dominion Bank is 89.52, 30.2% below the current price of 128.18. Their targets range from 87.53 to 91.51.
Of the 2 firms that rated Toronto Dominion Bank in the past 12 months, 2 rate it buy or strong buy, 0 hold and 0 sell or strong sell (each firm at its latest rating); on average they come to Buy.
Analysts' 1-year price targets range from 87.53 to 91.51, with an average of 89.52.
| Strong buy | 0 | |
| Buy | 2 | |
| Hold | 0 | |
| Sell | 0 | |
| Strong sell | 0 |
12-month price target
| Highest target | 91.51 |
| Average target | 89.52 |
| Lowest target | 87.53 |
| Current price | 128.18 |
How analysts rate Toronto Dominion Bank, month by month
2 of 2 firms rate it buy now, against 1 of 1 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Toronto Dominion Bank analyst upgrades, downgrades and price targets
The latest rating change came on 4 May 2026, when Scotiabank upgraded Toronto Dominion Bank from Sector Perform to Sector Outperform.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 4 May 2026 | Scotiabank | Upgraded · Sector Perform → Sector Outperform | — | — | — |
Toronto Dominion Bank EPS and revenue estimates
Analysts expect Toronto Dominion Bank's EPS to grow 2.7% a year until 2028, slower than over the last 5 years (12.4% a year) and the last 3 years (6.9%).
Analysts expect Toronto Dominion Bank's revenue to fall 26.0% a year until 2027. Over the last 5 years it grew 16.2% a year, and over the last 3 years it grew 24.9%.
Revenue
EPS
Does Toronto Dominion Bank beat earnings estimates?
On average, analysts' EPS estimate was 8.4% off the result, either way, and their revenue estimate 33.7%, over the last 12 quarters.
- EPS beats
- 85 / 134
- Revenue beats
- 114 / 121
- Average EPS surprise, last 12
- +7.2%
- Since
- February 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 27 Aug 2026 | 1.74 | 1.98 | +13.8% | 10.70B | 12.07B | +12.7% |
| Q2 FY2026 | 28 May 2026 | 1.63 | 1.74 | +6.7% | 11.04B | 11.80B | +6.8% |
| Q1 FY2026 | 26 Feb 2026 | 1.63 | 1.76 | +8.0% | 10.66B | 11.01B | +3.4% |
| Q4 FY2025 | 4 Dec 2025 | 1.46 | 1.57 | +7.5% | 9.93B | 10.29B | +3.6% |
| Q3 FY2025 | 28 Aug 2025 | 1.46 | 1.91 | +30.8% | 10.03B | 15.48B | +54.3% |
| Q2 FY2025 | 22 May 2025 | 1.25 | 1.39 | +11.2% | 10.02B | 15.00B | +49.7% |
| Q1 FY2025 | 27 Feb 2025 | 1.38 | 1.39 | +0.7% | 9.10B | 14.90B | +63.8% |
| Q4 FY2024 | 5 Dec 2024 | 1.32 | 1.26 | -4.5% | 9.19B | 14.74B | +60.4% |
| Q3 FY2024 | 22 Aug 2024 | 1.50 | 1.48 | -1.3% | 9.28B | 10.96B | +18.1% |
| Q2 FY2024 | 23 May 2024 | 1.35 | 1.50 | +11.1% | 9.10B | 10.73B | +18.0% |
| Q1 FY2024 | 29 Feb 2024 | 1.42 | 1.47 | +3.5% | 8.98B | 10.84B | +20.7% |
| Q4 FY2023 | 30 Nov 2023 | 1.37 | 1.35 | -1.5% | 6.77B | 13.06B | +93.0% |
Toronto Dominion Bank stock price 2026–2030: scenarios
If Toronto Dominion Bank's earnings keep growing at the 12.7% a year analysts expect to FY2028, it would earn about 11.36 a share in FY2030. At the P/E it has traded at over the last five years (9.2 to 16.3) that is 104.45 to 184.91 a share, or 138.85 at its average P/E of 12.2. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 7.25 | 66.67 | 88.63 | 118.03 |
| FY2027 | 8.00 | 73.58 | 97.81 | 130.26 |
| FY2028 | 8.95 | 82.30 | 109.41 | 145.70 |
| FY2029 (extrapolated) | 10.08 | 92.71 | 123.25 | 164.14 |
| FY2030 (extrapolated) | 11.36 | 104.45 | 138.85 | 184.91 |
Each year's EPS is the analysts' consensus to FY2028; the years after continue its 12.7% a year. Bear, base and bull apply the lowest, average and highest P/E of the last five fiscal year ends (9.2, 12.2, 16.3).
Is Toronto Dominion Bank stock undervalued or overvalued?
Toronto Dominion Bank's P/E of 19.1 is near the top of its 5-year range (8.4 to 21.0, median 11.6). Analysts do not expect faster growth than in recent years, so it is expensive compared with its own history. Buyers pay more for each point of growth than usual: a PEG of 7.2 on expected growth against 0.9 on its median P/E and past five years' growth. At the median P/E of its peers (13.1 × EPS of 6.70), Toronto Dominion Bank's fair value is 87.77; the price, 128.18, is 46.0% above it. Its forward P/E, on the consensus for FY2027, is 16.0.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (11.2 and 15.7). The price against its P/E range
- Price to earnings ratio (TTM)
- 19.13
- Five-year median P/E
- 11.62
- Five-year P/E range
- 8.4 – 21.0
- Forward P/E (FY2027)
- 16.02
- PEG ratio
- 1.51
- To the average target
- -30.2%
Most undervalued US stocks
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 66.390 | 128.2462Price 66.39185 | +93.2% | |
| 101.860 | 195.27146Price 101.86244 | +91.7% | |
| 123.790 | 235.44177Price 123.79294 | +90.2% | |
| 200.280 | 359.04269Price 200.28449 | +79.3% | |
| 227.150 | 406.28305Price 227.15508 | +78.9% | |
| 159.100 | 284.37213Price 159.10355 | +78.7% | |
| 105.320 | 175.76132Price 105.32220 | +66.9% |
Furthest below the fair value on each stock's page, updated every day.