CIBC raised the firm’s price target on Celestica (CLS) to $315 from $245 and keeps an Outperformer rating on the shares ahead of the company hosting its Q3 earnings call and the 2025 investor and analyst day forum on October 28. The firm views Celestica’s Q3, 2025 and expected 2026 guidance as still “conservative” given the improved visibility into Google (GOOGL), Meta (META), Amazon (AMZN) and Open AI’s capex spending plans, the analyst tells investors.
Claim 55% Off TipRanks
New trading tool for CLS bullsPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLS:
- Lululemon, Celestica, Deere: Trending by Analysts
- Celestica initiated with a Buy at Goldman Sachs
- Celestica Positioned for Growth: Strategic Partnerships and AI Opportunities Drive Buy Rating
- Celestica introduces family of 1.6TbE data center switches
- No jobs report amid shutdown, Apple pulls ICEBlock from App Store: Morning Buzz