Double digit earnings and a cheap valuation make this technology stock a buy for investors, according to Morgan Stanley.
Morgan Stanley recommends buying the dip on Keysight Technologies ' stock thanks to a cheap valuation. The firm upgraded the technology stock to overweight from equal weight in a Friday note, with a $165 per share price target. Morgan Stanley's forecast implies roughly 24% upside from Thursday's $133.12 close. Keysight stock has slipped more than 22% from the start of the year, however, with about 19% of the stock's decline occurring in the last three months.
mountain Keysight Technologies stock has slipped more than 22% from the start of the year. But analyst Meta Marshall thinks the downturn in Keysight stock represents a buying opportunity for investors, driven by its potential for double-digit earnings and "defensive nature.
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