Barclays has revised its price target for KeyCorp (KEY, Financial), reducing it slightly from $21 to $20, while maintaining an Equal Weight rating on the stock. This adjustment follows KeyCorp's first-quarter financial results, which surpassed expectations in several areas. The company's performance was supported by stronger-than-anticipated fees, net interest income, and expense management, according to the firm's analyst.
Despite the price target cut, the bank's outlook suggests a balanced view of KeyCorp's market position, reflecting both its recent achievements and market evaluation. Investors are being advised to consider these factors in their decision-making process regarding KeyCorp shares.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 18 analysts, the average target price for KeyCorp (KEY, Financial) is $18.20 with a high estimate of $20.00 and a low estimate of $16.00. The average target implies an upside of 27.54% from the current price of $14.27. More detailed estimate data can be found on the KeyCorp (KEY) Forecast page.
Based on the consensus recommendation from 23 brokerage firms, KeyCorp's (KEY, Financial) average brokerage recommendation is currently 2.3, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for KeyCorp (KEY, Financial) in one year is $17.44, suggesting a upside of 22.21% from the current price of $14.27. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the KeyCorp (KEY) Summary page.
