JPMorgan analyst Samik Chatterjee raised the firm’s price target on Keysight Technologies (KEYS) to $177 from $172 and keeps an Overweight rating on the shares. The company reported a “robust beat” on revenue and earnings in fiscal Q2, and more importantly, while keeping its typical conservatism, still guided to Q3 better than expectations as well as raised the full-year outlook, the analyst tells investors in a research note. The firm now assigns a higher earnings multiple to Keysight’s fiscal 2026 earnings forecast on account of the stronger than expected organic revenue drivers.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KEYS:
- Keysight Technologies: Strong Performance and Positive Outlook Justify Buy Rating
- Positive Outlook for Keysight Technologies: Buy Rating Supported by Strong Order Growth and Strategic Initiatives
- Closing Bell Movers: Futures slip amid Middle East conflict risk
- Keysight Technologies sees Q3 EPS $1.63-$1.69, consensus $1.69
- Keysight Technologies reports Q2 EPS $1.70, consensus $1.65