Keysight's Spirent Acquisition And Cyclical Recovery To Drive 12% EPS Growth In FY25; JP Morgan Upgrades Stock
Keysight's Spirent Acquisition And Cyclical Recovery To Drive 12% EPS Growth In FY25; JP Morgan Upgrades Stock
Chatterjee says that this will enhance Keysight's leverage in cyclical markets and improve margins through operational synergies, moving toward a long-term target of 31% – 32% operating margins.Keysight Technologies Inc. (NYSE:KEYS) shares are trading higher on Monday after JP Morgan analyst Samik Chatterjee upgraded the company to Overweight from Neutral and raised the price target to $200 from $170.
Keysight Technologies Inc. (紐交所:KEYS) 的股票在週一交易中上漲，原因是JP Morgan的分析師Samik Chatterjee將該公司評級從中立上調至看多，並將目標價從170美元提高至200美元。
The analyst' bullish stance reflects expectations of broadening demand drivers and a cyclical recovery in end-markets through 2025.
分析師的看好立場反映了對需求驅動因素的廣泛預期，以及預計到2025年的週期性復甦。
After facing challenges in 2024, including higher capital costs, slower industry growth, and inventory digestion, the analyst sees recovery driven by the Spirent acquisition.
在面臨2024年的挑戰，包括較高的資本成本、行業增長放緩和庫存消化後，分析師認爲復甦將由對Spirent的收購推動。
Chatterjee says that this will enhance Keysight's leverage in cyclical markets and improve margins through operational synergies, moving toward a long-term target of 31% – 32% operating margins.
Chatterjee表示，這將增強Keysight在週期性市場中的槓桿作用，並通過運營協同效應改善利潤率，朝着31%-32%的長期目標利潤率邁進。
With earnings revisions showing upside after recent downward pressures, the analyst expects Keysight to return to premium valuation multiples, reflecting management's strong track record and high-quality earnings with significant leverage on modest revenue gains.
隨着盈利修正展示出近期下行壓力後的上行潛力，分析師預計Keysight將恢復到高端估值倍數，反映出管理層的強大業績記錄和高質量的每股收益，並在適度的營業收入增長上有顯著槓桿。
The analyst raised FY25 organic growth forecasts, anticipating stronger revenue growth, especially in the second half, and factoring in Spirent's contribution. This leads to a forecast of 12% EPS growth in FY25 and 17% in FY26.
分析師提高了FY25有機增長預期，預計下半年營業收入增長將更強，且考慮到Spirent的貢獻。這導致FY25的每股收益預期增長12%，FY26的預期增長17%。
Chatterjee expects demand drivers to broaden beyond the current focus on AI as the company transitions from FY24 to FY25.
Chatterjee預計，需求驅動因素將超越當前對人工智能的關注，隨着公司從FY24過渡到FY25。
With lower interest rates and capital costs, the analyst anticipates increased customer spending, particularly from traditionally cautious sectors, adds the analyst.
隨着利率期貨和資本成本降低，分析師預測客戶支出將增加，特別是來自傳統上較爲謹慎的行業板塊，分析師補充道。
The analyst says that includes stronger demand from telecom customers, growth in semiconductor capital spending, and potential improvements in consumer and industrial demand.
分析師表示，這包括來自電信客戶的更強勁需求、半導體資本支出的增長，以及消費和工業需求的潛在改善。
This will benefit R&D and production test demand from a wider range of customers, including smartphone chipset suppliers and industrial technology companies, adds the analyst.
分析師補充說，這將使來自更廣泛客戶群的研發和生產測試需求受益，包括智能手機芯片供應商和工業科技公司。
The analyst writes that Keysight is positioned to benefit from a more favorable industry environment compared to the challenges faced in FY24.
分析師寫道，與FY24面臨的挑戰相比，Keysight在更有利的行業環境中具有獲益的潛力。
Investors can gain exposure to the stock via VictoryShares THB Mid Cap ETF (NASDAQ:MDCP) and American Century Mid Cap Growth Impact ETF (NYSE:MID).
投資者可以通過VictoryShares THb Mid Cap ETF（納斯達克：MDCP）和美國世紀中型成長影響ETF（紐交所：MID）來獲得對該股票的投資。
Price Action: KEYS shares are up 3.14% at $171.73 at the last check Monday.
價格動態：KEYS股票最後一次檢查時上漲3.14%，報171.73美元。
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譯文內容由第三人軟體翻譯。
