DA Davidson Raises KeyCorp (KEY) Price Target to $27
Key Points
- DA Davidson maintained a Buy rating on KeyCorp while increasing its price target to $27.00 from $26.00 on October 21, 2026.
- DA Davidson's $27 price target implies 28.08% upside from KeyCorp's ($KEY) current $21.08 share price.
- KeyCorp pays an annual dividend of $0.82 per share, offering a 3.9% yield with a payout ratio of 47.7%.
- The regional bank recently traded at $21.08, compared to an event close of $21.03 on October 21, 2026.
Since the rating, $KEY is up 0.3% to date (from the $21.03 close on Oct 21, 2026).
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DA Davidson reiterated its Buy rating on KeyCorp KEY on October 21, 2026, while raising its price target on the regional bank stock from $26.00 to $27.00. KeyCorp closed at $21.03 on the day of the research note.
KEY
KeyCorp
DA Davidson's Call on KeyCorp
In its October 21, 2026 update, DA Davidson kept a positive stance on the lender by maintaining its Buy rating and nudging its target higher by one dollar from $26.00 to $27.00.
Other Institutional Activity in KeyCorp
Large financial institutions adjusted their positions in the bank recently. Bank of Nova Scotia reduced its holdings by 5,232,143 shares, ending with 157,762,958 shares worth about $3,331,164,822. Deutsche Bank AG grew its holdings by 6,543,847 shares, ending with 16,496,467 shares worth about $348,322,896.
KeyCorp Stock Up 0.2%
KeyCorp shares recently traded around $21.08, up about 0.2% since closing at $21.03 on October 21, 2026. The stock trades below its 50-day moving average of $21.15 and below its 200-day moving average of $21.55.
$KEY price target
KeyCorp daily closes and this analyst's $27 target. Not advice.
Recent Earnings
KeyCorp reported trailing twelve-month revenue of $7,575,000,064 and basic earnings per share of $1.72. The bank posts a net profit margin of 28.0% alongside a return on equity of 11.2%. Investors will watch for the company's next earnings release on January 20, 2027, for further operational updates.
Dividend
KeyCorp rewards shareholders with an annual dividend payment of $0.82 per share. This translates to a dividend yield of 3.9% based on recent share levels. The bank covers this payout using 47.7% of its earnings.
Insider Buying and Selling at KeyCorp
Company insiders completed several stock transactions prior to the analyst update. Angela G Mago sold 22,826 shares on May 8, 2026. Elizabeth R Gile sold 23,946 shares on June 3, 2026. Mohit Ramani sold 25,000 shares on July 22, 2026.
Analysts Set New Price Targets
Wall Street firms updated their outlooks on the stock across several dates. Evercore ISI Group maintained an outperform rating with a target of $24.00 on October 1, 2026. JP Morgan maintained a neutral rating with a target of $23.00 on October 2, 2026. UBS maintained a buy rating with a target of $25.00 on October 5, 2026. RBC Capital maintained an outperform rating with a target of $24.00 on October 21, 2026. Across 20 analyst opinions, the stock holds a consensus buy rating with a mean price target of $25.11.
About KeyCorp
KeyCorp acts as the holding company for KeyBank National Association, delivering commercial and retail banking services to customers across the United States through its Consumer Bank and Commercial Bank divisions. Analyst outlooks help investors gauge how the bank navigates interest rate shifts and loan demand.
Bottom Line
DA Davidson's upward target revision reflects continued institutional attention on the Cleveland-based lender. Market participants will track upcoming earnings reports and macroeconomic trends for further direction.
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Source: DA Davidson's rating change on $KEY (Oct 21, 2026). Written by software, not financial advice. How we make alerts