Analyst Andrew Spinola of UBS maintained a Buy rating on Keysight Technologies, boosting the price target to $230.00.
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Andrew Spinola’s rating is based on several positive developments at Keysight Technologies. The company reported a robust fourth quarter with a 14% increase in orders and a notable 12% growth in Commercial Communications, driven by strong demand in AI and Data Center sectors. Additionally, the Aero/Defense and EISG segments both experienced a 9% increase, contributing to an overall better-than-expected gross margin of 64.3%, surpassing the previous estimate of 63.6%.
Spinola anticipates continued growth for Keysight Technologies, projecting future growth rates at or above the long-term range of 5-7%. The company is expected to benefit from synergies of recent acquisitions, estimated at $100 million, and improved pricing strategies that offset tariff impacts. These factors, along with the dissipation of previous headwinds, support the Buy rating and justify the increased price target from $220 to $230, reflecting the company’s accelerating business momentum.
In another report released today, Barclays also maintained a Buy rating on the stock with a $232.00 price target.