Scotiabank Lifts PT on The Toronto-Dominion Bank (TD) to C$142 From C$132

The Toronto-Dominion Bank (NYSE:TD) is one of the best undervalued stocks to invest in right now.

The Toronto-Dominion Bank (NYSE:TD) received several bullish rating updates from analysts following the release of its financial results on February 26 for the first quarter ended January 31, 2026. Scotiabank raised the price target on The Toronto-Dominion Bank (NYSE:TD) to C$142 from C$132 on February 27, keeping a Sector Perform rating on the shares. The same day, CIBC also lifted the price target on The Toronto-Dominion Bank (NYSE:TD) to C$140 from C$136 and reiterated a Neutral rating on the shares.

In its financial results released on February 26, The Toronto-Dominion Bank (NYSE:TD) stated that reported earnings were $4.0 billion, up 45% compared with the prior year period, and adjusted earnings were $4.2 billion, up 16%. Management reported that the company delivered solid results for the quarter, including record adjusted earnings and significant year-over-year adjusted return on equity growth, reflecting momentum across its businesses. Reported diluted earnings per share were $2.34, compared with $1.55 in the prior year period, while adjusted diluted earnings per share reached $2.44, compared to $2.02.

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

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