Analyst Mark Delaney of Goldman Sachs maintained a Buy rating on Keysight Technologies (KEYS – Research Report), with a price target of $192.00.
Mark Delaney has given his Buy rating due to a combination of factors that highlight Keysight Technologies’ potential for growth and recovery. The company reported revenue and earnings per share that exceeded market expectations, indicating strong financial performance. Additionally, Keysight is experiencing a cyclical recovery, with core revenue growth year-over-year for the first time in six quarters, suggesting a positive trend in its business operations.
Moreover, Keysight stands to benefit from long-term secular drivers such as artificial intelligence and autonomous vehicles, which are contributing to increased demand. The company’s pipeline has shown improvement, and despite some uncertainties related to defense spending and tariffs, there is a belief in a multi-year opportunity for cyclical improvement. Furthermore, a shift towards more recurring revenue streams, with software and services making up a significant portion of total revenue, adds to the company’s stability and growth prospects.
Delaney covers the Consumer Cyclical sector, focusing on stocks such as Tesla, Rivian Automotive, and ChargePoint Holdings. According to TipRanks, Delaney has an average return of 17.2% and a 61.52% success rate on recommended stocks.
In another report released today, Robert W. Baird also maintained a Buy rating on the stock with a $190.00 price target.