Movement Alert|Keysight Technologies Rises 3.82% in Regular Trading, Morgan Stanley Upgrades to Overweight

Market Focus07-14

On July 14, Keysight Technologies rose 3.82% in regular trading, trading at $325.2/share, with turnover of approximately $31.57 million.

On the news front, Morgan Stanley upgraded Keysight Technologies from Equalweight to Overweight and raised its price target from $350 to $400. The firm highlighted the company's architecture-agnostic positioning as a key advantage, noting that the diversification of AI architecture designs increases test intensity and broadens the number of customer programs Keysight can serve. Morgan Stanley noted that over 50% of Keysight's revenue comes from research and development as well as lab use cases. The analysts also pointed out that Keysight offers lower volatility relative to other AI-exposed names, as its growth extends beyond AI into aerospace and defense, semiconductor test, and wireless communications, each carrying its own multi-year investment thesis. According to FactSet, the stock now carries an average analyst rating of Overweight with a mean price target of $398.33. Previously, the company's Q2 earnings report delivered record highs across orders, revenue, EPS, and free cash flow, prompting multiple institutions to raise their price targets.

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