Deutsche Bank raised the firm’s price target on Keysight Technologies to $175 from $163 and keeps a Buy rating on the shares. The analyst believes the company is “poised to deliver a meaningful inflection” towards positive growth heading into fiscal 2025. The firm says Keysight remains a key beneficiary of several multi-year themes, including artificial intelligence, 5G/6G, autonomous vehicles, semi onshoring and rising defense spend. The messaging this quarter “was an incremental step in the right direction,” with expectations for second half orders to exceed the first half and a more gradual recovery heading into next year, the analyst tells investors in a research note.
