Bond.az - Truist Securities raised its price target on Keysight Technologies shares to $376 from $310 while maintaining a Hold rating.
The firm cited record orders up 48% year-over-year on a core basis in the second fiscal quarter. Demand extended beyond AI applications.
Truist noted muted stock reaction due to a softer Q3 guide, expectations for FY2026 growth above 30%, and non-recurring tariff reversal benefits. Shares trade at $333.29, up 111% over the past year.
Despite momentum, a P/E of 54 signals valuation concerns. Truist expects 9% growth in FY2027 and 6% in FY2028, targeting 12-13% EPS growth.
The firm is incrementally constructive but seeks a better entry point.
