BMO Capital analyst Thanos Moschopoulos maintained a Buy rating on Celestica yesterday and set a price target of $230.00.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Thanos Moschopoulos has given his Buy rating due to a combination of factors including Celestica’s impressive financial performance and strategic positioning. The company reported a significant year-over-year growth in its Communications business, which has been a key driver of its margin strength. Additionally, Celestica is experiencing robust growth with its largest customers, which supports its market-leading position in high-speed networking technologies and AI exposure.
Moreover, Celestica’s recent financial results surpassed consensus estimates, with notable increases in revenue, adjusted EBITA, and free cash flow. The company’s raised guidance for both revenue and earnings per share for FY2025 further underscores its potential for sustained growth. The strong pipeline of new and existing customer engagements, particularly in the hyperscaler segment, also contributes to the positive outlook for Celestica’s stock.
In another report released today, Canaccord Genuity also maintained a Buy rating on the stock with a $240.00 price target.