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KEYS

Keysight Technologies Inc

NYSE: KEYS · TECHNOLOGY · SCIENTIFIC & TECHNICAL INSTRUMENTS

$349.91
+4.31% today

Updated 2026-04-30

Market cap
$57.53B
P/E ratio
59.16
P/S ratio
10.13x
EPS (TTM)
$5.67
Dividend yield
—
52W range
$146 – $353
Volume
1.6M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Keysight Technologies Inc (KEYS) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$349.91
Consensus
$277.62
-20.66%
2030 Target
$640.73
+83.11%
DCF
$155.85
-52.72% MoS
13 analysts:
5 Buy5 Hold1 Sell

Management guidance

No specific CEO revenue targets found in provided data. Latest analyst consensus (as of Apr 2026) projects FY2026 revenue of $6.74B (+25.4% YoY) and FY2027 revenue of $7.28B (+8.0% YoY). Management has not publicly stated specific multi-year revenue targets through 2030.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$1,077.59
$9.2B Rev × 20x P/S
Base case (2030)
$640.73
$9.2B Rev × 12x P/S
Bear case (2030)
$436.86
$9.2B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$5.5B$5.0B$5.4B$6.7B$7.3B$7.8B$8.5B$9.2B
Revenue growth—-8.9%8.0%25.4%8.0%7.8%8.1%8.1%
EPS$8.32$6.26$5.68$9.04$10.44$11.55$12.75$13.95
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$465.98$495.11$553.36$582.48$640.73

Catalysts & risks

Growth catalysts
+ AI infrastructure build-out: Keysight's 1.6T Ethernet validation platform and AI inference emulation tools positioned to capture testing/measurement demand from Meta, Microsoft, and hyperscalers' data center expansion
+ 6G and 5G-Advanced adoption: Multiple product launches (RF digital twins with Qualcomm, pre-6G interoperability validation with Ericsson, NR-NTN LEO mobility testing) position company for next telecom cycle
+ Automotive Ethernet expansion: New in-vehicle network test solutions announced at Automotive Ethernet Congress 2026 address growing EV/autonomous vehicle validation requirements
+ Virtual manufacturing software: Keysight Assembly acquisition and integration into manufacturing simulation portfolio addresses post-COVID reshoring and Industry 4.0 capex spending
+ M&A and product line extensions: Company actively acquiring complementary technologies (evidenced by recent product launches) to expand TAM in semiconductors, cybersecurity, and cloud infrastructure
Key risks
- Valuation risk: P/E of 51.3x and Forward P/E of 32.7x are elevated; stock up 130%+ YTY and 141% over 52W low—multiple compression risk if growth disappoints
- Analyst estimate uncertainty for 2028-2030: Provided consensus data only covers through FY2027 (marked 'Pro'); no published analyst estimates for FY2028-2030 suggest lower conviction in outer-year projections
- Cyclical exposure: Semiconductor and industrial equipment testing demand highly sensitive to capex cycles; any downturn in chip fab construction or automotive production reduces revenue visibility
- Competitive intensity: Peers like Teledyne (TDY), Coherent (COHR), and smaller niche players compete on similar test/measurement platforms; market share gains not guaranteed
- Insider selling: Director Richard Hamada sold $239.9K in stock on Mar 30, 2026 (timing of insider selling into strong stock rally may signal valuation concerns)

Methodology

Keysight Technologies Inc's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 13 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 7, 2026.