Robert W. Baird Forecasts Strong Price Appreciation for KeyCorp (NYSE:KEY) Stock

Posted by ABMN Staff on Jul 24th, 2026

KeyCorp (NYSE:KEY – Get Free Report) had its target price hoisted by stock analysts at Robert W. Baird from $22.00 to $23.00 in a research note issued to investors on Wednesday, MarketBeat reports. The brokerage presently has a “neutral” rating on the financial services provider’s stock. Robert W. Baird’s price target points to a potential upside of 1.35% from the company’s previous close.

Several other analysts also recently issued reports on the stock. DA Davidson boosted their target price on shares of KeyCorp from $26.00 to $27.00 and gave the company a “buy” rating in a research note on Monday, May 4th. Morgan Stanley raised their target price on KeyCorp from $24.00 to $25.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. Stephens began coverage on KeyCorp in a research report on Monday, June 15th. They set an “overweight” rating and a $26.00 price target on the stock. Jefferies Financial Group increased their price objective on KeyCorp from $21.00 to $23.00 and gave the stock a “hold” rating in a research note on Friday, April 17th. Finally, Truist Financial raised their price objective on KeyCorp from $23.00 to $24.00 and gave the stock a “hold” rating in a research report on Wednesday, June 24th. Thirteen analysts have rated the stock with a Buy rating and seven have assigned a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $49.14.

Check Out Our Latest Report on KEY

KeyCorp Stock Performance

KeyCorp stock opened at $22.69 on Wednesday. The firm’s 50 day simple moving average is $22.44 and its 200-day simple moving average is $21.59. The company has a market cap of $24.49 billion, a P/E ratio of 13.19, a price-to-earnings-growth ratio of 0.73 and a beta of 1.02. The company has a debt-to-equity ratio of 0.63, a current ratio of 0.84 and a quick ratio of 0.83. KeyCorp has a fifty-two week low of $16.47 and a fifty-two week high of $24.07.

KeyCorp (NYSE:KEY – Get Free Report) last released its quarterly earnings results on Tuesday, July 21st. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.42 by $0.02. The business had revenue of $1.96 billion for the quarter, compared to analyst estimates of $1.97 billion. KeyCorp had a net margin of 17.83% and a return on equity of 11.23%. The firm’s revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.35 earnings per share. As a group, equities research analysts predict that KeyCorp will post 1.82 EPS for the current year.

KeyCorp announced that its Board of Directors has initiated a stock buyback program on Wednesday, May 13th that permits the company to buyback $3.00 billion in shares. This buyback authorization permits the financial services provider to purchase up to 13% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s management believes its shares are undervalued.

Insider Transactions at KeyCorp

In other KeyCorp news, insider Angela G. Mago sold 22,826 shares of the business’s stock in a transaction dated Friday, May 8th. The stock was sold at an average price of $21.66, for a total value of $494,411.16. Following the transaction, the insider owned 281,564 shares in the company, valued at $6,098,676.24. The trade was a 7.50% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 0.56% of the company’s stock.

Institutional Investors Weigh In On KeyCorp

Institutional investors have recently made changes to their positions in the company. DV Equities LLC bought a new position in KeyCorp during the fourth quarter valued at approximately $27,000. Maseco LLP bought a new stake in KeyCorp in the fourth quarter worth approximately $27,000. Smithfield Trust Co acquired a new position in shares of KeyCorp during the 4th quarter worth $31,000. True Wealth Design LLC increased its stake in shares of KeyCorp by 1,263.5% during the 4th quarter. True Wealth Design LLC now owns 1,718 shares of the financial services provider’s stock worth $35,000 after purchasing an additional 1,592 shares during the last quarter. Finally, Kelleher Financial Advisors bought a new position in shares of KeyCorp during the 3rd quarter valued at $32,000. 79.69% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about KeyCorp

Here are the key news stories impacting KeyCorp this week:

Positive Sentiment: Jim Cramer said regional banks have been a “fantastic place to be” and specifically recommended KeyCorp, reinforcing bullish sentiment toward the stock. Jim Cramer: ‘Regional Banks Have Been A Fantastic Place To Be’
Positive Sentiment: Analysts have been raising their outlooks after KeyCorp’s Q2 beat, citing solid earnings and improving growth trends; Keefe, Bruyette & Woods lifted its target to $26 and kept an outperform rating. KeyCorp Analysts Increase Their Forecasts After Upbeat Q2 Earnings
Positive Sentiment: Bank of America reiterated a Buy rating with a $26 target, saying guidance was raised for loan growth and net interest income, which supports the bullish case for KeyCorp. KeyCorp: Buy Rating Reaffirmed as 2026 Guidance Raised for Loan Growth and Net Interest Income, with $26 Price Target
Positive Sentiment: Scotiabank said its stake in KeyCorp will add $82 million to third-quarter net income, a potentially meaningful tailwind for profitability. Scotiabank says stake in KeyCorp will add $82M to third-quarter net income
Neutral Sentiment: Some coverage noted that KeyCorp’s stock underperformed peers on Tuesday, suggesting the rally may be uneven despite the improved fundamental and analyst backdrop. KeyCorp stock underperforms Tuesday when compared to competitors
Negative Sentiment: One earnings-focused report said Q2 revenue was pressured by weaker-than-expected noninterest income and margin performance, which could temper enthusiasm around the quarter. KeyCorp’s Q2 revenue hit by weaker-than-expected noninterest income, margin trails consensus

About KeyCorp

(Get Free Report)

KeyCorp is a bank holding company headquartered in Cleveland, Ohio, that operates through its primary banking subsidiary, KeyBank. It provides a broad range of banking and financial services to individual consumers, small businesses, middle-market companies and large corporations. KeyBank’s offerings span traditional deposit and lending products as well as more specialized financial solutions designed for commercial and institutional clients.

The company’s product and service mix includes retail banking products such as checking and savings accounts, consumer and residential mortgage lending, and auto financing.