Top 10 Cheap Stocks With Strong Buy Ratings on Wall Street 

8. The Toronto-Dominion Bank (NYSE:TD)

Number of Hedge Fund Holders: 33

The Toronto-Dominion Bank (NYSE:TD) is one of the top cheap stocks with Strong Buy ratings on Wall Street. RBC Capital lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$156 from C$138 on June 1 and maintained an Outperform rating on the shares.

The company also received a rating update from Jefferies on May 28, with the firm raising the price target on The Toronto-Dominion Bank (NYSE:TD) to C$151 from C$142 and maintaining a Hold rating on the shares. The firm stated that fiscal Q2 exhibited the company’s breadth, with solid contributions across the board, adding that further better-than-forecast capital markets results highlight that The Toronto-Dominion Bank (NYSE:TD) has enhanced that platform. It also noted that credit performance in the U.S. was compelling and management is confident that lending in the region should begin to pick up.

For reference, in its financial results for the quarter ended April 30, 2026, The Toronto-Dominion Bank (NYSE:TD) announced that reported diluted earnings per share were $2.43, compared with $6.27 in the prior year period, while adjusted diluted earnings per share were $2.38, compared to $1.97 in fiscal Q2 2025.

The Toronto-Dominion Bank (NYSE:TD) provides financial products and services. Its operations are divided into the following segments: Canadian Personal and Commercial Banking, U.S. Retail, Wealth Management and Insurance, Wholesale Banking, and Corporate segment.