Keysight Technologies: Deutsche Bank Raises Price Target to $180
Thursday, Nov 21, 2024 4:56 am ET
3min read Keysight Technologies (KEYS) has seen a significant boost in its stock price following better-than-expected fourth-quarter financial results, leading Deutsche Bank to raise its price target to $180 from $175. The company's strong performance and positive outlook have analysts optimistic about its future prospects.
In the fourth quarter, Keysight reported earnings of $1.65 per share, surpassing the analyst consensus estimate of $1.57. Revenue also came in above expectations at $1.29 billion, compared to the estimated $1.258 billion. The company's strong cash flow from operations and free cash flow further solidified its financial health.
Keysight's differentiated portfolio, deep customer engagement, and accelerating technology innovation have given analysts confidence in the company's ability to outperform as markets recover. The company expects first-quarter 2025 revenue to be in the range of $1.265 billion to $1.285 billion and adjusted earnings per share between $1.65 and $1.71.
Analysts at Deutsche Bank, Baird, Morgan Stanley, and Barclays have all raised their price targets for Keysight Technologies following its strong Q4 results. This bullish sentiment reflects the company's robust performance and positive outlook.
Keysight's recent financial results and positive outlook have contributed to the increase in its price target. The company's ability to deliver above guidance results despite challenging market conditions has analysts optimistic about its future growth prospects.
In conclusion, Keysight Technologies' strong Q4 performance and positive outlook have led to a raise in its price target at Deutsche Bank. The company's differentiated portfolio, deep customer engagement, and accelerating technology innovation have analysts bullish on its future prospects. As the company continues to execute and deliver strong results, investors can expect to see further appreciation in its stock price.
In the fourth quarter, Keysight reported earnings of $1.65 per share, surpassing the analyst consensus estimate of $1.57. Revenue also came in above expectations at $1.29 billion, compared to the estimated $1.258 billion. The company's strong cash flow from operations and free cash flow further solidified its financial health.
Keysight's differentiated portfolio, deep customer engagement, and accelerating technology innovation have given analysts confidence in the company's ability to outperform as markets recover. The company expects first-quarter 2025 revenue to be in the range of $1.265 billion to $1.285 billion and adjusted earnings per share between $1.65 and $1.71.
Analysts at Deutsche Bank, Baird, Morgan Stanley, and Barclays have all raised their price targets for Keysight Technologies following its strong Q4 results. This bullish sentiment reflects the company's robust performance and positive outlook.
Keysight's recent financial results and positive outlook have contributed to the increase in its price target. The company's ability to deliver above guidance results despite challenging market conditions has analysts optimistic about its future growth prospects.
In conclusion, Keysight Technologies' strong Q4 performance and positive outlook have led to a raise in its price target at Deutsche Bank. The company's differentiated portfolio, deep customer engagement, and accelerating technology innovation have analysts bullish on its future prospects. As the company continues to execute and deliver strong results, investors can expect to see further appreciation in its stock price.
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