Analyst Andrew Spinola of UBS maintained a Buy rating on Keysight Technologies, boosting the price target to $230.00.
Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
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.