JPMorgan analyst Samik Chatterjee raised the firm’s price target on Celestica (CLS) to $295 from $225 and keeps an Overweight rating on the shares. The company’s digital native customer OpenAI offers greater visibility, the analyst tells investors in a research note. The firm says new anecdotal data points indicate strengthened visibility into the OpenAI ramp for Celestica. JPMorgan believes the revenue opportunity for Celestica will be the non-semiconductor content attributable to the $10B of rack revenue.
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