On August 25, Keysight rose 3.58% in regular trading, trading at $318.005/share, with turnover of $9.76 million. The stock continued its upward momentum following the company's fiscal Q3 earnings release and a wave of analyst price target upgrades.

Keysight reported fiscal Q3 adjusted EPS of $3.07, significantly beating the consensus estimate of $2.48, while revenue came in at $1.846 billion versus expectations of $1.737 billion, representing 36.5% year-over-year growth. The company's Q4 guidance was equally strong, with projected adjusted EPS of $3.34 to $3.40 on revenue of $1.93 to $1.95 billion, far exceeding Wall Street expectations of $2.68 EPS on $1.83 billion in revenue. Orders surpassed $2 billion for the second consecutive quarter, driven by AI data center expansion.

Multiple analysts raised their price targets: Susquehanna adjusted to $440, Barclays to $429, Truist to $400, and JPMorgan to $400. Truist projected AI-related revenue would rise from approximately 8% of total sales to 20%, further underpinning the bullish outlook.

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