Celestica ( (TSE:CLS) ) is experiencing volatility. Read on for a possible explanation for the stock’s unusual movement.
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Celestica’s stock experienced a downturn after TD Securities downgraded the company from ‘Buy’ to ‘Hold’. This decision was influenced by Celestica’s price-to-earnings multiple exceeding that of Nvidia, suggesting that future growth potential is already reflected in the current stock price. Despite this downgrade, analysts maintain a positive outlook on Celestica’s growth, supported by strategic investments and opportunities in AI.
More about Celestica
YTD Price Performance: 169.59%
Average Trading Volume: 3,385,485
Technical Sentiment Signal: Buy
Current Market Cap: $28.87B
For further insights into CLS stock on TipRanks’ Stock Analysis page.
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