Susquehanna lifted Keysight Technologies’ price target to $132 (37.7% upside potential) from $130 and reiterated a Buy rating on the stock as the electronic design and test solutions provider is poised to benefit from 5G deployments.Susquehanna analyst Mehdi Hosseini wrote in a note to investors on Aug. 21 that Keysight Technologies (KEYS) is likely to “benefit from continued 5G/400G roll out in APAC and US despite weaker EU.” Hosseini said that “We are increasing our FWD PE valuation multiple from 21x to 22x to account for the increased sustainability of the 5G and higher speed Networking investment cycle, all while …read more
Source:: Yahoo Finance
