CIBC Reaffirms Buy Rating for Royal Bank of Canada with $195 Price Target

CIBC analyst Paul Holden maintained a Buy rating for Royal Bank of Canada with a price target of C$195.00. The analyst consensus on the stock is a Strong Buy with an average price target of $143.00, representing a 4.93% upside. The company reported a quarterly revenue of $32.57 billion and a net profit of $4.39 billion.

Toronto Dominion Bank (TD) has seen a mixed bag of analyst ratings and price targets in the past three months, with a majority leaning towards a "Moderate Buy" rating. According to TipRanks, 11 out of 20 analysts have given a "Moderate Buy" rating, while 7 analysts have maintained a "Buy" rating, 1 analyst has a "Hold" rating, and 1 analyst has a "Sell" rating [1].

The average 12-month price target for TD, based on 11 analyst forecasts, is C$102.56, representing a 0.47% upside from the current price of C$102.08. The highest price target of C$118.00 was set by Lila Ledgerra AI TR, while the lowest price target of C$93.00 was set by Ebrahim Poonawala of Bank of America Securities [1].

Among the analysts, Paul Holden of CIBC maintained a "Buy" rating with a price target of C$99.00. Other notable ratings include a "Buy" rating with a price target of C$102.00 from Sohrab Movahedi of BMO Capital and a "Buy" rating with a price target of C$101.21 from Matthew Lee of Canaccord Genuity [1].

The analysts' consensus on TD's earnings and sales forecasts for the next quarter is positive. The average earnings estimate is C$2.04, with a range of C$1.90 to C$2.20. TD has consistently beaten its earnings estimates in the past 12 months, with a success rate of 50.00% [1].

TD's sales forecast for the next quarter is C$13.73 billion, with a range of C$13.40 billion to C$14.13 billion. The company has also outperformed its overall industry in the past year, beating sales estimates 100.00% of the time [1].

References:
[1] https://www.tipranks.com/stocks/tse:td/forecast