Summary:
- KeyCorp has entered a strategic alliance with payment solutions provider Qolo, enhancing its market offerings.
- Analysts set a one-year price target for KeyCorp at $17.77, indicating a potential upside.
- The company's stock currently holds an "Outperform" recommendation from brokerage firms.
KeyCorp's Strategic Partnership with Qolo
KeyCorp (NYSE: KEY) recently announced a strategic move that is catching the attention of investors. The company has partnered with Qolo, a leader in payment cycle management solutions, marking a significant step forward in enhancing KeyBank's service offerings. This alliance, which includes a minority investment, builds upon a successful two-year collaborative effort between the two firms. While the financial specifics remain confidential, this move underscores KeyCorp's commitment to innovation in its service lineup.
Analyst Price Targets for KeyCorp
Investors keeping an eye on KeyCorp (KEY, Financial) will find detailed insights from 19 analysts, who predict a one-year average price target of $17.77 for the stock. The projections range from a high of $20.00 to a low of $15.50, suggesting a potential upside of 10.67% from the current trading price of $16.06. For further in-depth analysis and real-time updates, you can visit the KeyCorp (KEY) Forecast page.
Brokerage Recommendations and GF Value
KeyCorp's stock currently enjoys an "Outperform" status according to the consensus recommendation from 24 brokerage firms, which give it an average rating of 2.3. The scale used ranges from 1, representing a "Strong Buy," to 5, indicating a "Sell."
According to GuruFocus estimates, the GF Value for KeyCorp (KEY, Financial) over the next year is assessed at $15.75. This suggests a slight downside of 1.9% from its current price point of $16.055. The GF Value calculation incorporates historical trading multiples, past business growth, and future performance projections, offering investors a comprehensive perspective on the stock's fair market value. For more information and analytical insights, visit the KeyCorp (KEY) Summary page.
