Barclays analyst Joseph Wolf maintained a Buy rating on Keysight Technologies (NYSE: KEYS) yesterday and set a price target of $58. The company’s shares closed yesterday at $52.99, close to its 52-week high of $55.21.
According to TipRanks.com, Wolf is a 3-star analyst with an average return of 4.2% and a 52.8% success rate. Wolf covers the Consumer Goods sector, focusing on stocks such as Lumentum Holdings, Finisar Corp, and Radware Ltd.
Keysight Technologies has an analyst consensus of Strong Buy, with a price target consensus of $59.
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Based on Keysight Technologies’ latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $837 million and net profit of $94 million. In comparison, last year the company earned revenue of $753 million and had a net profit of $49 million.
Based on the recent corporate insider activity of 91 insiders, corporate insider sentiment is negative on the stock.
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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 operates through the following segments: Communications Solutions, Electronic Industrial Solutions, and Services Solutions Group.
