Analyst John Shao of TD Cowen maintained a Hold rating on Celestica, boosting the price target to $350.00.
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Trade CLS with leverageJohn Shao has given his Hold rating due to a combination of factors, including his view that Celestica is likely to deliver another quarter of results that slightly exceed expectations and support higher guidance, consistent with its recent track record. However, he notes that the sharp share price appreciation in a short period has already embedded assumptions of flawless operational execution, limiting the upside potential relative to current levels.
He also highlights incremental positives such as stronger anticipated growth in the CCS segment, supported by better visibility into 2027 demand and Celestica’s deepening role as an original design manufacturer for Google’s evolving TPU and networking architectures. At the same time, he points out that the ultimate financial benefit of newer opportunities, including more complex networking designs and potential shifts in consigned components, remains uncertain, which justifies a more balanced, Hold stance despite raising his price target.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of CLS in relation to earlier this year.