BofA Raises its Price Target on The Toronto-Dominion Bank (TD)

The Toronto-Dominion Bank (NYSE:TD) is one of the 12 Undervalued Financial Stocks to Buy Now.

On May 19, 2026, BofA raised the firm’s price target on The Toronto-Dominion Bank (NYSE:TD) to C$168 from C$150 previously and maintained a Buy rating on the shares.

On May 12, 2026, Raymond James analyst Stephen Boland upgraded The Toronto-Dominion Bank (NYSE:TD) to Outperform from Market Perform with a price target of C$152.50, up from C$141, ahead of Q2 earnings for the Big 6 Canadian banks. Boland said TD is “reasonably valued” and cited increased confidence in management’s ability to execute on its strategic priorities, supported by a recent meeting with TD Group President and CEO Raymond Chun.

Earlier in May, Scotiabank upgraded The Toronto-Dominion Bank (NYSE:TD) to Outperform from Sector Perform with a price target of C$150, up from C$142. Scotiabank said it is putting “increasing weight on the cost side of the P&L” given potential medium-term revenue headwinds for the group, particularly around net interest income. The firm also said its branch proximity analysis shows TD has the most branch count moderation potential among peers.

The Toronto-Dominion Bank (NYSE:TD) provides financial products and services in Canada, the United States, and internationally.

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