KeyCorp (KEY) Stock Forecast & Price Target

$17.12

-0.22 (-1.27%)

(As of 09/20/2024 ET)

KeyCorp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 18 Analyst Ratings

Based on 18 Wall Street analysts who have issued ratings for KeyCorp in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 18 analysts, 7 have given a hold rating, and 11 have given a buy rating for KEY.

Consensus Price Target

$16.65
-2.76% Downside

High Forecast	$20.00
Average Forecast	$16.65
Low Forecast	$12.00

According to the 18 analysts' twelve-month price targets for KeyCorp, the average price target is $16.65. The highest price target for KEY is $20.00, while the lowest price target for KEY is $12.00. The average price target represents a forecasted downside of -2.76% from the current price of $17.12.

Type	Current Forecast 9/23/23 to 9/22/24	1 Month Ago 8/24/23 to 8/23/24	3 Months Ago 6/25/23 to 6/24/24	1 Year Ago 9/23/22 to 9/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	9 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	6 Hold rating(s)	5 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$16.65	$16.65	$15.97	$14.73
Forecasted Upside	-2.76% Downside	12.81% Upside	13.57% Upside	16.80% Upside

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KEY Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

KEY Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

KeyCorp Stock vs. The Competition

Type	KeyCorp	Finance Companies	S&P 500
Consensus Rating Score	2.61	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-2.76% Downside	14.02% Upside	7.41% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/10/2024	Keefe, Bruyette & Woods 4 of 5 stars		Reiterated Rating	Outperform ➝ Outperform	$18.00 ➝ $18.00	+13.71%
8/19/2024	Jefferies Financial Group 2 of 5 stars		Boost Target	Buy ➝ Buy	$18.00 ➝ $19.00	+14.25%
8/14/2024	Morgan Stanley 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$18.00 ➝ $20.00	+27.47%
8/13/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$17.00 ➝ $17.00	+8.35%
8/13/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$18.00 ➝ $19.00	+19.20%
8/13/2024	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$16.00 ➝ $17.00	+6.65%
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7/19/2024	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$16.00 ➝ $18.00	+16.28%
7/8/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Najarian Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Buy ➝ Neutral	$16.00 ➝ $15.00	+7.53%
6/27/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$17.50 ➝ $16.50	+21.23%
6/25/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$17.50 ➝ $16.50	+19.48%
4/19/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$15.00 ➝ $16.00	+8.99%
3/28/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$16.00 ➝ $18.00	+14.65%
1/26/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$16.00 ➝ $17.00	+16.88%
1/19/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$17.00 ➝ $16.00	+21.21%
1/8/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform
12/20/2023	Stephens Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight
12/18/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$13.50 ➝ $15.00	+4.24%
10/10/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$13.00 ➝ $12.00	+14.72%
10/4/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
6/13/2023	888 Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Maintains
5/22/2023	Odeon Capital Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$11.00	+12.02%
3/10/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Outperform	$20.00	+24.46%
1/6/2023	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$23.00 ➝ $20.00	+12.11%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 03:11 PM ET.

KEY Forecast - Frequently Asked Questions

What is KeyCorp's forecast for 2024?: According to the research reports of 18 Wall Street equities research analysts, the average twelve-month stock price forecast for KeyCorp is $16.65, with a high forecast of $20.00 and a low forecast of $12.00.
Should I buy or sell KeyCorp stock right now?: 18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for KeyCorp in the last twelve months. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" KEY shares.
Does KeyCorp's stock price have much upside?: According to analysts, KeyCorp's stock has a predicted upside of 12.46% based on their 12-month stock forecasts.
Has KeyCorp been downgraded by Wall Street analysts recently?: Over the previous 90 days, KeyCorp's stock had 1 downgrade by analysts.
What analysts cover KeyCorp?: KeyCorp has been rated by research analysts at Citigroup, DA Davidson, Evercore ISI, Jefferies Financial Group, JPMorgan Chase & Co., Keefe, Bruyette & Woods, Morgan Stanley, Royal Bank of Canada, UBS Group, and Wedbush in the past 90 days.
Does KeyCorp rate other companies?: KeyCorp also publishes sell-side equities research reports and recommendations about other companies, which can be viewed at its brokerage rating page.
Do Wall Street analysts like KeyCorp more than its competitors?: Analysts like KeyCorp more than other "finance" companies. The consensus rating for KeyCorp is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how KEY compares to other companies.