Keysight Technologies (KEYS): New Buy Recommendation for This Technology Giant

Wells Fargo analyst Aaron Rakers reiterated a Buy rating on Keysight Technologies yesterday and set a price target of $390.00. The company’s shares closed yesterday at $344.11.

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According to TipRanks, Rakers is a top 25 analyst with an average return of 49.9% and a 73.79% success rate. Rakers covers the Technology sector, focusing on stocks such as Intel, Marvell, and Apple.

Currently, the analyst consensus on Keysight Technologies is a Strong Buy with an average price target of $350.82, implying a 1.95% upside from current levels. In a report released on May 18, Susquehanna also maintained a Buy rating on the stock with a $415.00 price target.

Based on Keysight Technologies’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $1.6 billion and a net profit of $281 million. In comparison, last year the company earned a revenue of $1.3 billion and had a net profit of $169 million

Based on the recent corporate insider activity of 100 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of KEYS in relation to earlier this year. Last month, Richard Hamada, a Director at KEYS sold 870.00 shares for a total of $239,928.60.