TD Should I Buy
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Toronto-Dominion Bank (TD) is not a strong buy at this moment for a beginner investor with a long-term focus. While the financial performance is robust and analysts have raised price targets, technical indicators and trading trends suggest a neutral to slightly bearish sentiment in the short term. Additionally, no significant positive catalysts or proprietary trading signals are present to justify immediate action.
The MACD is negatively expanding (-0.26), RSI is neutral at 39.015, and moving averages are converging, indicating no clear trend. The stock is trading near its support level (S1: 92.157), but with a 70% chance of declining further in the short term (-2.75% next day, -4.83% next week, -5.03% next month), the technical outlook leans bearish.
Strong Q1 financial performance with revenue up 19.20% YoY, net income up 45.62% YoY, and EPS up 50.97% YoY. Analysts have raised price targets, with several maintaining Outperform ratings.
Technical indicators suggest a bearish short-term trend. No recent news or significant trading trends from hedge funds or insiders. Congress trading data is absent, and proprietary trading signals (AI Stock Picker and SwingMax) are not present.
In Q1 2026, TD reported strong growth: Revenue increased to $13.69 billion (up 19.20% YoY), net income rose to $3.94 billion (up 45.62% YoY), and EPS improved to $2.34 (up 50.97% YoY).
Analysts have raised price targets recently, with RBC Capital, BMO Capital, and Scotiabank maintaining Outperform or Sector Perform ratings. However, some analysts like Barclays and CIBC remain cautious with Underweight and Neutral ratings, respectively.
