Electronic equipment maker Keysight up after Citigroup raises PT

Keysight Technologies

25/02/2026 13:07

** Shares of electronic equipment maker Keysight Technologies KEYS.N rise 1.2% to $305 premarket

** Citigroup raises PT on KEYS to $282 from $220, reiterates "buy" rating

** New PT still represents a 6.5% downside to stock's close

** Citigroup says KEYS is seeing momentum from defense modernization, advanced semiconductors and next-gen wireless, but investors remain focused on its AI exposure

** Notes AI-related sales stayed around 10%, yet AI orders grew more than 30%; raises FY26 and FY27 EPS forecast by 2% and 1%, respectively

** Adds that KEYS reported number of AI customers doubled, signaling broadening demand

** Median PT of 14 brokerages covering the stock is $300 - data compiled by LSEG

** As of last close, KEYS up 48.4% YTD

 (Reporting by Megavarshini G. Somasundaram in Bengaluru)

 ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com))