Jefferies Believes Keysight Technologies (NYSE: KEYS) Still Has Room to Grow

By Austin Angelo

Jefferies analyst Brandon Couillard reiterated a Buy rating on Keysight Technologies (NYSE: KEYS) yesterday and set a price target of $50. The company’s shares closed yesterday at $38.64, close to its 52-week high of $39.49.

According to TipRanks.com, Couillard is a top 25 analyst with an average return of 23.4% and a 79.3% success rate. Couillard covers the Healthcare sector, focusing on stocks such as Bio-Rad Laboratories, Orasure Technologies, and DENTSPLY SIRONA Inc.

Currently, the analyst consensus on Keysight Technologies is Strong Buy and the average price target is $43.80, representing a 13.4% upside.

In a report issued on May 30, Citigroup also initiated coverage with a Buy rating on the stock with a $44 price target.

The company has a one year high of $39.49 and a one year low of $26.87. Currently, Keysight Technologies has an average volume of 873.9K.

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Keysight Technologies, Inc. is a measurement company, which engages in the provision of core electronic design and test solutions to communications and electronics industries. It provides electronic measurement instruments and systems, and software design tools that are used in the design, development, manufacture, installation, deployment, and operation of electronics equipment. The company operates through three segments: Communications Solutions, Electronic Industrial Solutions and Services Solutions Group. The Communications Solutions group segment serves customers spanning the worldwide commercial communications end market, which includes internet infrastructure, and the aerospace, defense and government end market. The Electronic Industrial Solutions Group segment includes test and measurement solutions across a broad set of electronic industrial end markets, which focuses on automotive and energy industry and measurement solutions for semiconductor design & manufacturing, consumer electronics, education and general electronics manufacturing. The Services Solutions Group segment provides repair, calibration and consulting services and remarkets used Keysight equipment. Keysight Technologies was founded by William R. Hewlett and David Packard in 1937 and is headquartered in Santa Rosa, CA