Billionaire Steve Cohen’s 10 Mid-Cap Stock Picks with Huge Upside Potential

7. Keysight Technologies, Inc. (NYSE:KEYS)

Upside Potential: 19.84%

Market Cap: $25.67 billion

Keysight Technologies, Inc. (NYSE:KEYS) was founded in 1939, tracing its origins back to Hewlett-Packard (HP). KEYS is a market leader in electronic design and test solutions, with clients in the automotive, semiconductor, aerospace, and defense sectors. The company has operations in the United States, Europe, and the Asia Pacific region, with over 3,500 patents. It operates primarily under 2 segments, Communications Solutions Group and Electronic Industrial Solutions Group.

Keysight Technologies, Inc. (NYSE:KEYS) continues to grow with the acquisition of Spirent Communications for $1.46 billion in March 2024. This acquisition aims to expand Keysight’s capabilities in the communications sector and strengthen its presence in automation. According to Reuters, this strategic move is expected to enhance both companies’ offerings significantly.

Looking at Keysight Technologies, Inc. (NYSE:KEYS)’s recent financial performance, the results for the first quarter of 2025 were met with mixed responses. The company achieved a revenue of $1.30 billion, which was a 3.1% increase compared to the previous year and exceeded analysts’ predictions by $21.81 million. Although the results were strong, the company’s share price dropped by 6% at the close of trading on the day the results were announced. Despite this, many analysts remain optimistic about the stock’s future outlook, with 99% suggesting a Buy recommendation, and a consensus of the average twelve-month price target at $177.16, an upside of 19.28%. At the end of Q4 2024, Point72 has acquired more than a million shares of KEYS, representing 0.35% of the hedge fund’s portfolio at a value of nearly $162 million. The hedge fund increased its position in the company by 344% during the quarter.