Keysight Technologies price target raised to $255 from $207 at JPMorgan

JPMorgan raised the firm’s price target on Keysight Technologies (KEYS) to $255 from $207 and keeps an Overweight rating on the shares. The firm assigned the shares a higher target multiple, reflecting a premium on account of the company’s “superior” growth outlook in the medium-term. Seasonality and read-through from peers suggest upsides in Keysight’s fiscal Q1 relative to expectations, the analyst tells investors in a research note. JPMorgan believes the company is seeing strong demand trends in AI test.