BofA raised the firm’s price target on Keysight Technologies (KEYS) to $160 from $150 and keeps an Underperform rating on the shares. While Q4 results showed stability, the pace of recovery remains uncertain, the analyst tells investors in a post-earnings note. The firm now bases its price objective on a lowered multiple applied to its 2026 adjusted EPS estimate, noting that its target multiple is a slight discount to the peer average to reflect below-peer EPS growth.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on KEYS:
- Keysight Technologies price target raised to $180 from $163 at Baird
- Keysight Technologies price target raised to $200 from $180 at Barclays
- Keysight Technologies price target raised to $180 from $175 at Deutsche Bank
- Keysight Technologies Reports Strong Q4 and FY2024 Results
- Closing Bell Movers: Keysight up 9% after Q4 earnings beat