Jul. 13 at 10:43 AM
$KEYS Keysight upgraded to Overweight from Equal Weight at Morgan Stanley
Morgan Stanley upgraded Keysight Technologies to Overweight from Equal Weight with a price target of
$400, up from
$350. The firm views Keysight as a play on AI investment and broadening architectures versus a play on a particular architecture. The company has seen its AI revenue increase as investment cycles have shortened and the variety of architectures has increased, the analyst tells investors in a research note. Morgan Stanley believes Keysight is positioned to benefit as customers are ramping 800G, accelerating 1.6T research and development, and already planning for 3.2T. It sees the stock reaching the price target on estimate revisions as testing density increases and incremental margins improve.
