Benzinga | Aug 13, 2020 10:39AM EDT

Why Keysight's Stock Is Trading Higher Today

Keysight Technologies (NYSE:KEYS) shares are trading higher on Thursday after Goldman Sachs upgraded the stock from Neutral to Buy and announced a price target of $120 per share.

Keysight Technologies provides electronic design and test solutions to the communications and electronics industries. The firm operates in two segments: measurement solutions and customer support and services. The measurement solutions segment generates the vast majority of revenue and sells hardware and software products, including radio frequency, microwave, and digital solutions.

The customer support and services segment provides repair and calibration services to customers who have purchased Keysight products and helps resell refurbished equipment. Over half of Keysight's sales are generated in the United States, China, and Japan.

Keysight Technologies shares were trading up 3.02% at $102.60 on Thursday during the time of publication. The stock has a 52-week high of $110 and a 52-week low of $77.93.