Keysight Technologies, Inc. (KEYS)

[TechWhiz]

5G Play Keysight Technologies Blasts Into Buy Zone

Keysight Technologies (KEYS) is IBD Stock of the Day as the electronic design and testing company crushed earnings estimates and received several Wall Street price target hikes. Keysight stock shot into a buy zone.

Keysight Technologies: Early Stages Of 5G Growth

Analysts also noted strong performance in the 5G wireless business. Telecom companies are building out 5G wireless networks and 5G devices, with Keysight providing 5G testing gear. "The upside surprise in Commercial Comms increases our confidence in the sustainability of 5G driven growth, which remains in its early stages in our view," Long added.

Keysight offers "an agnostic way to invest in 5G in that an investor does not need to pick which OEM, vendor, or end product will gain or lose share in 5G," Citi's Suva said.

Citi raised its price target on Keysight stock to 115 from 110. Cowen hiked its price target to 110 from 103. Analysts at Jefferies and Deutsche also raised their targets.

https://www.investors.com/research/ibd-stock-of-the-day/keystock-stock-surges-keysight-earnings-q3-2019/?src=A00220&yptr=yahoo