Morgan Stanley analyst Meta Marshall maintained a Buy rating on Keysight Technologies (KEYS – Research Report) today and set a price target of $180.00.
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Meta Marshall has given her Buy rating due to a combination of factors that indicate a promising future for Keysight Technologies. The company is well-positioned to capitalize on robust demand over the next year, which is expected to drive earnings growth and upward revisions in fiscal year 2025. Despite a year-to-date stock appreciation of approximately 15%, largely fueled by enthusiasm for AI, Marshall sees potential for the company to continue growing into its valuation, especially with the company’s historical pattern of strong recoveries following downturns.
However, while the AI hypothesis is enticing, Marshall maintains a cautious stance on this aspect due to limited clarity regarding the size and trajectory of Keysight’s AI business. She anticipates a slight revenue beat for the upcoming quarter, bolstered by positive indicators from the wireless sector and steady growth in other segments such as aerospace, defense, and semiconductor. Overall, Marshall’s optimism is rooted in the company’s solid demand setup and potential for earnings growth, which supports her Buy rating.
According to TipRanks, Marshall is a 4-star analyst with an average return of 6.9% and a 56.25% success rate. Marshall covers the Technology sector, focusing on stocks such as Arista Networks, Zebra Tech, and Cisco Systems.