Here are the key takeaways from the recent developments surrounding Keysight Technologies (NYSE: KEYS):
- Bank of America upgrades Keysight Technologies from 'Underperform' to 'Neutral', anticipating benefits from acquisitions and 6G advancements.
- Wall Street analysts project an average price target of $186.43, offering a potential upside of 13.84%.
- GuruFocus estimates a GF Value of $168.82, with a projected upside of 3.08% from the current price.
Bank of America's Upgrade
Bank of America recently upgraded its stance on Keysight Technologies (KEYS, Financial) from 'Underperform' to 'Neutral'. This adjustment reflects the bank’s positive outlook on forthcoming acquisitions and the promising developments in 6G technology. Aligning with this revised perspective, Bank of America has adjusted Keysight's price target to $175. This revision anticipates potential earnings growth fueled by the acquisitions of Synopsys and Ansys. Following this upgrade, Keysight's shares experienced a 0.7% increase.
Wall Street Analysts' Forecast
According to price targets set by 11 analysts over the next year, Keysight Technologies Inc (KEYS, Financial) is expected to reach an average target price of $186.43. The high estimate stands at $200.00, while the low estimate is $156.78. This average target represents a potential upside of 13.84% from the current trading price of $163.78. Investors can explore more detailed estimate data on the Keysight Technologies Inc (KEYS) Forecast page.
Brokerage Recommendations
With input from 13 brokerage firms, Keysight Technologies Inc (KEYS, Financial) currently holds an average brokerage recommendation of 2.1, signifying an "Outperform" status. This recommendation is based on a scale where 1 represents a Strong Buy and 5 indicates a Sell. Such a rating suggests strong confidence in Keysight’s potential to outperform its peers.
GuruFocus Estimates
The GF Value for Keysight Technologies Inc (KEYS, Financial) is projected to be $168.82 in one year, suggesting a potential upside of 3.08% from the current price of $163.775. The GF Value is GuruFocus' calculation of the stock's fair value, derived from historical trading multiples, past business growth, and future performance estimates. Detailed information and data can be accessed on the Keysight Technologies Inc (KEYS) Summary page.
