Keysight Technologies upgraded to Buy from Neutral at Goldman Sachs

Goldman Sachs upgraded Keysight Technologies to Buy from Neutral with a price target of $164, up from $146. The analyst says Keysight is well positioned to expand margins and benefit from exposure to key demand drivers. The demand drivers include artificial intelligence, both to support added bandwidth needs in the datacenter with 800 Gb connectivity, and from more advanced semi chip development, a well as 6G communications, the analyst tells investors in a research note. The firm thinks 6G will could be more meaningful for Keysight in 2025.