A couple of catalysts could propel shares of Keysight Technologies higher, according to JPMorgan. The firm upgraded the maker of electronics test equipment to overweight from neutral and hiked its price target to $200 from $170, which implies around 20% upside from Friday's close. Its average target of $179.43 reflects nearly 8% upside from here. Following the upgrade, shares of Keysight rose more than 2% in premarket trading on Monday. The stock has risen more than 4% in 2024 and more than 11% over the past month.

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Persons: Samik Chatterjee, Chatterjee Organizations: Keysight Technologies, JPMorgan, Spirent Communications Locations: Keysight