In a report released today, Atif Malik from Citi maintained a Buy rating on Keysight Technologies, with a price target of $220.00.
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Atif Malik’s rating is based on a combination of factors that highlight Keysight Technologies’ strong growth prospects and strategic positioning. The company has demonstrated impressive organic growth, with its core business expanding by 9% year-over-year for two consecutive quarters. This growth is expected to continue, driven by increasing demand for AI data center solutions, advancements in security and defense communications, and robust performance in the semiconductor and general electronics sectors.
Additionally, Keysight’s strategic acquisitions are anticipated to contribute significantly to its future growth, potentially adding around 700 basis points to its FY26 growth expectations. The company’s exposure to AI, particularly in its wireline segment, is also a key factor, with AI sales accounting for over 10% of total sales. This, coupled with a consistent 24x FY27 PE multiple, supports the increased target price of $220 and reinforces the Buy rating due to the promising outlook for sales and earnings growth.
According to TipRanks, Malik is a top 25 analyst with an average return of 32.9% and a 72.92% success rate. Malik covers the Technology sector, focusing on stocks such as Nvidia, Apple, and Lam Research.
In another report released today, Barclays also maintained a Buy rating on the stock with a $232.00 price target.