Keysight Technologies (KEYS) has received a new Buy rating, initiated by UBS analyst, Andrew Spinola.
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Andrew Spinola has given his Buy rating due to a combination of factors that position Keysight Technologies for growth. The company stands at a pivotal moment, with expectations of significant acceleration in fiscal year 2027 driven by advancements in AI infrastructure, benefits from recent acquisitions, and a recovery in its core operations. These elements are anticipated to enhance profit margins and lead to a reevaluation of the stock’s value.
Spinola highlights strong demand in AI and data centers as immediate growth catalysts, with AI infrastructure fueling double-digit growth in the wireline and semiconductor sectors. Despite previous cyclical challenges, the company is expected to return to its long-term growth trajectory, supported by organic growth and strategic acquisitions. The stock’s valuation is projected to improve, reflecting both short-term acceleration and long-term growth potential, with a price target set at $220 based on a 24x multiple of the estimated fiscal year 2027 earnings per share.
According to TipRanks, Spinola is a 2-star analyst with an average return of 5.4% and a 50.00% success rate. Spinola covers the Technology sector, focusing on stocks such as Keysight Technologies, Viavi Solutions, and Motorola Solutions.