Today we're going to take a look at the well-established Keysight Technologies, Inc. (NYSE:KEYS). The company's stock saw significant share price movement during recent months on the NYSE, rising to highs of US$160 and falling to the lows of US$135. Some share price movements can give investors a better opportunity to enter into the stock, and potentially buy at a lower price. A question to answer is whether Keysight Technologies' current trading price of US$138 reflective of the actual value of the large-cap? Or is it currently undervalued, providing us with the opportunity to buy? Let's take a look at Keysight Technologies's outlook and value based on the most recent financial data to see if there are any catalysts for a price change.

Is Keysight Technologies Still Cheap?

The stock seems fairly valued at the moment according to our valuation model. It's trading around 7.5% below our intrinsic value, which means if you buy Keysight Technologies today, you'd be paying a reasonable price for it. And if you believe the company's true value is $149.56, then there's not much of an upside to gain from mispricing. Furthermore, Keysight Technologies's low beta implies that the stock is less volatile than the wider market.

Can we expect growth from Keysight Technologies?

Future outlook is an important aspect when you're looking at buying a stock, especially if you are an investor looking for growth in your portfolio. Although value investors would argue that it's the intrinsic value relative to the price that matter the most, a more compelling investment thesis would be high growth potential at a cheap price. With profit expected to grow by 59% over the next couple of years, the future seems bright for Keysight Technologies. It looks like higher cash flow is on the cards for the stock, which should feed into a higher share valuation.

What This Means For You

Are you a shareholder? KEYS's optimistic future growth appears to have been factored into the current share price, with shares trading around its fair value. However, there are also other important factors which we haven't considered today, such as the financial strength of the company. Have these factors changed since the last time you looked at the stock? Will you have enough conviction to buy should the price fluctuates below the true value?

Are you a potential investor? If you've been keeping tabs on KEYS, now may not be the most advantageous time to buy, given it is trading around its fair value. However, the positive outlook is encouraging for the company, which means it's worth diving deeper into other factors such as the strength of its balance sheet, in order to take advantage of the next price drop.

It can be quite valuable to consider what analysts expect for Keysight Technologies from their most recent forecasts. So feel free to check out our free graph representing analyst forecasts.

If you are no longer interested in Keysight Technologies, you can use our free platform to see our list of over 50 other stocks with a high growth potential.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com