Piper Sandler has adjusted its price target for KeyCorp (KEY, Financial), lowering it to $16 from the previous $18. Despite the reduction, the firm maintains an Overweight rating on the shares following the latest quarterly results.
The decision to revise the price target stems from adjustments to the bank's 2025 earnings per share (EPS) projections. Additionally, Piper Sandler considered the recent downward trends in bank equity valuations when making this assessment.
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.
