Analyst Mehdi Hosseini of Susquehanna maintained a Buy rating on Keysight Technologies, boosting the price target to $225.00.
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Mehdi Hosseini has given his Buy rating due to a combination of factors that indicate a positive outlook for Keysight Technologies. The company has demonstrated strong growth prospects across all its market segments, particularly with the 1.6Tbps Networking, which is expected to drive a significant upgrade cycle.
Additionally, the company’s orders have increased by 14% year-over-year and quarter-over-quarter, surpassing expectations. Notably, the Aerospace, Defense & Government sector recorded record orders, and other areas like high-speed connectivity and wafer testing also showed robust demand. The revenue and EPS guidance exceeded consensus estimates, and the impact of the government shutdown was less severe than anticipated. Furthermore, recent acquisitions are set to enhance Keysight’s software portfolio and contribute significantly to revenue and cost synergies, supporting strong growth and operating leverage in the coming years.
In another report released today, J.P. Morgan also maintained a Buy rating on the stock with a $207.00 price target.
Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEYS in relation to earlier this year.