Keysight's Spirent Acquisition And Cyclical Recovery To Drive 12% EPS Growth In FY25; JP Morgan Upgrades Stock
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Dec 16 2024
0mins
Should l Buy KEYS?
Source: Benzinga
Analyst Upgrade: JP Morgan analyst Samik Chatterjee upgraded Keysight Technologies to Overweight and raised the price target from $170 to $200, citing expectations of increased demand and a cyclical recovery through 2025, particularly following the Spirent acquisition.
Positive Growth Forecast: The analyst anticipates stronger revenue growth in FY25, with a projected 12% EPS growth, driven by broader demand beyond AI, lower capital costs, and increased spending from telecom and semiconductor sectors.
Trade with 70% Backtested Accuracy
Stop guessing "Should I Buy KEYS?" and start using high-conviction signals backed by rigorous historical data.
Sign up today to access powerful investing tools and make smarter, data-driven decisions.
Analyst Views on KEYS
Wall Street analysts forecast KEYS stock price to fall
10 Analyst Rating
8 Buy
2 Hold
0 Sell
Strong Buy
Current: 238.020
Low
205.00
Averages
222.30
High
232.00
Current: 238.020
Low
205.00
Averages
222.30
High
232.00
About KEYS
Keysight Technologies, Inc. specializes in the computing, communications and electronics market. Its portfolio of hardware, software, and services enables its customers’ engineering workflows as they design, manufacture, deploy, and optimize their products and solutions. Its segments include Communications Solutions Group (CSG) and Electronic Industrial Solutions Group (EISG). CSG solutions consist of electronic design and test software, instrumentation, systems, and related services, serving customers across the global commercial communications and aerospace, defense, and government end markets. EISG solutions consist of electronic design, test and simulation software, optical design and photonics simulation tools, instrumentation, systems, and related services, serving customers across a diverse set of end markets focused on automotive and energy, semiconductor solutions, and general electronics. Its product categories include oscilloscopes, and digital multimeters, among others.
About the author

Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
- Price Range Analysis: The XLK ETF's 52-week low is $86.225 per share, with a high of $152.995, and the latest trade at $141.37 indicates relative stability in the current market environment, potentially attracting investor interest.
- Technical Analysis Tool: Comparing the latest share price to the 200-day moving average can provide valuable insights for investors, helping them better assess market trends and timing for investments.
- ETF Trading Mechanism: Exchange-traded funds (ETFs) trade similarly to stocks, where investors are buying and selling 'units' that can be created or destroyed based on investor demand, impacting the ETF's liquidity and market performance.
- Inflows and Outflows Monitoring: Weekly monitoring of changes in shares outstanding for ETFs highlights those experiencing significant inflows or outflows, which not only affects the overall performance of the ETF but can also have substantial impacts on the individual stocks held within these funds.
See More
- Automated Data Governance: Keysight's SOS Enterprise platform automates engineering data governance and traceability, enabling organizations to integrate design information across multiple sites, thereby enhancing readiness for AI adoption and addressing productivity losses from manual workflows.
- Enhanced Compliance Tracking: The platform offers enterprise-grade compliance audit trails and role-based access control, meeting regulatory requirements for industries such as aerospace, defense, and automotive, ensuring the security and compliance of sensitive intellectual property.
- Elimination of Manual Work: SOS Enterprise automates traceability and custom workflows throughout the design lifecycle, significantly reducing the time engineering teams spend on data management, allowing them to focus on innovation rather than data handling.
- Improved IP Reuse: The platform enables teams at various locations to discover and reuse validated intellectual property through a single system of record, facilitating faster project orchestration and reducing operational overhead.
See More
- AI System Design Showcase: Keysight will present its end-to-end solutions at DesignCon 2026, covering AI system design, interoperability validation, and large-scale performance testing, aimed at helping customers overcome physical limitations and ensure design compliance.
- Advanced Technology Applications: Demonstrations will include advanced packaging, chiplets, and validation of PCIe, memory, and USB4, illustrating how to de-risk designs early and accelerate time to market.
- Interconnect Benchmarking: Keysight will conduct 1.6T interconnect benchmarking to validate the performance of emerging AI fabrics, enhancing customer confidence in their designs' performance at system scale and driving technological innovation.
- Global Innovation Partnership: As an S&P 500 company, Keysight is committed to providing leading design, emulation, and testing solutions across multiple markets, including communications, industrial automation, and aerospace, to help customers accelerate innovation.
See More
- AI System Design Showcase: Keysight will present its end-to-end solutions for AI system design, interoperability validation, and large-scale performance testing at DesignCon from February 24-26, 2026, aimed at helping customers overcome physical limitations and de-risk designs.
- Advanced Packaging and Chip Validation: Demonstrations will include the Chiplet 3D Interconnect Designer, which accelerates multi-die interconnect development for AI and high-performance devices, ensuring compliance with the latest standards and enhancing market competitiveness.
- Signal Integrity and Memory Validation: The showcase will feature signal integrity testing at 3.2T speeds using the PLTS2026 system and NA5307A frequency extender to ensure bandwidth and accuracy for next-gen infrastructure, alongside DDR5 and GDDR7 memory electrical validation solutions that streamline compliance and debugging processes.
- 1.6T Interconnects for AI Networks: The demonstration will highlight how the Keysight INPT-1600GE benchtop test system validates BER and FEC to ensure performance and reliability, supporting automated test workflows for 1.6T-class electrical networking interfaces, thereby enhancing measurement coverage and debugging efficiency.
See More
- Market Expansion Opportunity: Quantum Secure Encryption Corp (QSE) renewed its agreement with India's Muthoot Group, covering approximately 14,000 user licenses, further solidifying its position in the Indian financial services sector and showcasing growth potential in highly regulated markets.
- South American Market Entry: QSE signed a three-year security agreement with three Brazilian government clients for about 4,500 user licenses, marking its initial commercial footprint in South America and laying the groundwork for broader adoption of platform services.
- Strategic Partnership Enhancement: QSE's membership in the Canadian Association of Defence and Security Industries (CADSI) prepares it for participation in the World Defense Show 2026 in Saudi Arabia, enhancing connections with the Canadian Armed Forces and federal departments, thereby increasing its international market influence.
- Funding Support and Growth Outlook: With a recent C$2.8 million financing round, QSE is well-positioned for its global expansion roadmap throughout 2026, especially as the global post-quantum cryptography market is projected to reach $17.69 billion by 2034, providing robust operational capabilities for growth.
See More
- Market Expansion Opportunity: Quantum Secure Encryption Corp. (QSE) renewed its agreement with India's Muthoot Group, covering approximately 14,000 user licenses, further solidifying its position in the Indian financial services market and demonstrating strong trust from security-sensitive institutions.
- South American Market Entry: QSE signed a three-year security agreement with three Brazilian government clients for about 4,500 user licenses, marking its initial commercial footprint in the region and laying the groundwork for broader adoption of platform services.
- Strategic Partnership Enhancement: QSE's membership in the Canadian Association of Defence and Security Industries (CADSI) prepares it for participation in the World Defense Show 2026 in Saudi Arabia, enhancing connections with the Canadian Armed Forces and federal departments, thus increasing its international market influence.
- Funding Support and Growth Potential: With a recent C$2.8 million financing round, QSE is well-positioned operationally as the global post-quantum cryptography market is projected to reach $17.69 billion by 2034, providing robust support for its global expansion roadmap throughout 2026.
See More






