- Goldman Sachs (NYSE: GS) has raised its price target for Keysight Technologies (NYSE: KEYS) to $487.00, suggesting a 27% upside from its previous share price.
- Driven by robust demand for AI infrastructure, Keysight reported a 56% increase in fiscal Q3 orders to $2.09 billion, with Commercial Communications revenue surpassing $1.00 billion for the first time.
- Keysight's stock has seen a significant rise of approximately 90%, entering a buy zone, with future growth prospects bolstered by 6G development and strong operational margins.
Keysight Technologies makes equipment that companies use to test chips, data centers, and communications networks. Goldman Sachs maintains its Buy rating and raises its price target to $487.00 from $452.00. Against the $384.11 share price when the update is published on October 5, 2026, the new target implies about 27% upside.
Demand for AI infrastructure supports that outlook. Keysight reports fiscal third-quarter orders of $2.09 billion, up 56%. Orders measure customer purchases booked during the quarter and can point to future revenue. As highlighted by Zacks Investment Research, analysts also raise their earnings estimates over the prior 30 days.
Keysight’s Communications Solutions Group reports fiscal third-quarter 2026 revenue of $1.35 billion, up 43% from a year earlier and about 73% of company revenue. Its 70.8% gross margin shows the share of revenue left after direct production costs, while its 34.0% operating margin also accounts for operating expenses.
Commercial Communications revenue rises 56% to $1.01 billion, passing $1.00 billion in a quarter for the first time. Wireline revenue more than doubles and exceeds Wireless revenue for the first time, driven by testing demand in AI data centers and high-speed networks. As highlighted by Zacks, 6G development offers another potential growth source.
The shares have risen roughly 90% and enter a buy zone, as highlighted by Investor’s Business Daily. The publisher gives Keysight an IBD Composite Rating of 98 and notes that Fidelity Contrafund holds the stock. It also points to a longer-term 6G opportunity, with initial commercial launches expected around 2029–2030.
