Stephens Raises KeyCorp Target to $26, Reinstates 'Buy' Rating
Stephens analyst Matt Olney sees upside in KeyCorp, raising the price target to $26.
Key Points
- Stephens analyst Matt Olney reinstated a 'buy' rating on KeyCorp, setting a new price target of $26 on June 15, 2026.
- Stephens's $26 price target implies 15.10% upside from KeyCorp's ($KEY) current $22.59 share price.
- KeyCorp shares are trading at $22.70, with a market cap of $24.2 billion and a P/E ratio of 13.75.
- Major institutional investors like BlackRock and Vanguard have adjusted their positions in KeyCorp, reflecting varied strategies.
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Stephens analyst Matt Olney has reinstated coverage on KeyCorp (NYSE:KEY), assigning a 'buy' rating and setting a new price target of $26 as of June 15, 2026. This move suggests potential upside from the current trading price of $22.70.
KeyCorp Stock Up 3.1%
Shares of NYSE:KEY are currently trading near $22.70. KeyCorp boasts a market cap of approximately $24.2 billion, with a P/E ratio of 13.75 and a forward P/E of 10.44. The stock's 52-week range spans from a low of $15.66 to a high of $23.35. Its 50-day moving average is $21.60, while the 200-day moving average is $20.13. The company maintains a beta of 1.041, indicating moderate volatility.
$KEY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
KeyCorp reported revenue of about $7.2 billion, reflecting a growth of 11.8% from the previous period. The company's earnings per share stood at $1.63, with a net margin of 27%. KeyCorp's return on equity was nearly 10%. The next earnings report is anticipated on July 21, 2026.
Dividend
KeyCorp offers an annual dividend rate of $0.82, yielding 3.66%. The dividend payout ratio is around 50.3%, reflecting a balanced approach between rewarding shareholders and retaining earnings for growth.
Insider Buying and Selling at KeyCorp
Recent insider activity includes sales by Bank of Nova Scotia, which sold shares on multiple occasions, including 355,338 shares on June 9, 2026, at an average price of $21.24. Additionally, Elizabeth Gile sold 23,946 shares on June 3, 2026, at $20.88. On the buying side, Robin Hayes and Somesh Khanna each bought 7,352 shares on May 14, 2026.
Analysts Set New Price Targets
On June 15, 2026, Stephens & Co. reinstated KeyCorp with a 'buy' rating and a $26 price target. Previously, DA Davidson maintained a 'buy' rating with a $27 target on May 4, 2026. Evercore ISI Group also maintained a 'buy' rating with a $26 target on April 21, 2026. The consensus recommendation is a 'buy', with an average target price of $25.01, based on 18 analyst opinions.
About KeyCorp
KeyCorp is a financial services company headquartered in Cleveland, Ohio. It operates through its subsidiary, KeyBank National Association, providing a range of retail and commercial banking products across the United States. KeyCorp serves consumers and businesses with offerings like personal finance, lending, investment management, and wealth management services. Led by CEO Christopher Gorman, the company employs around 17,469 people.
Bottom Line
Stephens' new 'buy' rating and $26 target for KeyCorp signals confidence in the bank's prospects. Investors watch these analyst updates closely, as they can influence market perceptions and stock performance. However, remember that analyst ratings are subjective and should be considered alongside other factors. This analysis reflects conditions as of June 2026 and may not indicate future performance.
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