On August 12, Keysight rose 3.32% in regular trading, trading at $356.35/share, with turnover of $21.01 million. The rally extends gains from the prior session as bullish institutional sentiment builds ahead of the company's quarterly earnings report scheduled for August 18.

Multiple major investment banks have recently reinforced their optimistic outlooks. Morgan Stanley upgraded the stock to Overweight and raised its price target to $400 from $350, while JPMorgan maintained its Overweight rating and lifted its target to $400 from $390. UBS set an even higher target of $420. Analysts broadly highlight Keysight's architecture-agnostic positioning in AI infrastructure spending, which allows it to serve a widening range of customer programs as AI architectures diversify.

Last quarter, the company reported record-high orders, revenue, EPS, and free cash flow. AI-related revenue surged over 100% year-over-year, while aerospace and defense as well as semiconductor revenues each grew 24%. Consensus estimates for the upcoming quarter project revenue of $1.737 billion, up 31.85% year-over-year, and adjusted EPS of $2.48, up 48.16%.

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