What is TD stock price target for 2026?

WallStSmart's 12-month price target for Toronto Dominion Bank is $114.21, representing 9.5% upside from the current price of $104.31.

What is TD stock forecast?

Toronto Dominion Bank forecast includes bull, base, and bear case scenarios from 2026 through 2030. Revenue and EPS projections are derived from analyst consensus and conservative extrapolation with growth deceleration for outer years.

Toronto Dominion Bank

NYSE: TD · FINANCIAL SERVICES · BANKS - DIVERSIFIED

$104.31

-1.02% today

Updated 2026-04-29

Market cap

$176.10B

P/E ratio

11.63

P/S ratio

2.67x

EPS (TTM)

$9.03

Dividend yield

4.03%

52W range

$60 – $107

Volume

2.6M

Market cap

$176.10B

P/E ratio

11.63

P/S ratio

2.67x

EPS (TTM)

$9.03

Dividend yield

4.03%

52W range

$60 – $107

Volume

2.6M

Toronto Dominion Bank (TD) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current

$104.31

Consensus

$120.00

+15.04%

2030 Target

$523.71

+402.07%

DCF

—

Current price

$104.31

Analyst consensus

$120.00

+15.04%

2030 Target

$523.71

+402.07%

Intrinsic (DCF)

—

18 analysts:

1 Buy4 Hold2 Sell

Management guidance

No specific CEO revenue targets found in available data. Management has focused on strategic initiatives including AI-driven AML compliance improvements, digital banking expansion (TD Easy Trade launch), and €1.50B bond issuance for capital management. Forward guidance emphasizes efficiency gains and market share expansion rather than explicit revenue targets.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range

Bull case (2030)

$876.02

$73.6B Rev × 20x P/S

Base case (2030)

$523.71

$73.6B Rev × 12x P/S

Bear case (2030)

$352.31

$73.6B Rev × 8x P/S

Financial forecast — research-backed

Metric	2023	2024	2025	2026 (E)	2027 (E)	2028 (E)	2029 (E)	2030 (E)
Revenue	$102.3B	$119.2B	$115.8B	$61.1B	$63.9B	$66.7B	$70.0B	$73.6B
Revenue growth	—	16.5%	-2.8%	-3.4%	4.5%	4.5%	5.0%	5.1%
EPS	$7.99	$8.06	$7.90	$9.68	$10.72	$11.50	$12.25	$13.05
P/S ratio	—	—	—	12.0x	12.0x	12.0x	12.0x	12.0x
Implied price	—	—	—	$438.01	$457.06	$476.10	$504.67	$523.71

Catalysts & risks

Growth catalysts

+ Resolution of U.S. regulatory investigations (AML probes) - potential multi-billion dollar impact

+ AI-driven operational efficiency and cost reduction initiatives targeting $150M+ in claims reductions

+ Expansion of embedded banking and digital channels (Workday integration, TD Easy Trade)

+ Capital markets growth and diversified earnings expansion

+ Share repurchase program execution with strong capital position

Key risks

- U.S. regulatory penalties from anti-money-laundering investigations could exceed $1B+

- Real estate market exposure in Canada and U.S. amid potential economic slowdown

- Fintech competition eroding traditional banking margins

- Currency headwinds (CAD/USD) affecting U.S. earnings translation

- Net interest margin compression in lower rate environment

- Slowing growth in Canadian consumer lending market

Methodology

Toronto Dominion Bank's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 18 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.