CIBC raised the firm’s price target on Celestica (CLS) to $400 from $315 and keeps an Outperformer rating on the shares. Results and guidance that were “progressively stronger” from Q3 to Q4 to 2026 were “well supported” by the company’s investor and analyst day in New York, the analyst tells investors. The firm views guidance as still “conservative” given the improved visibility into Alphabet (GOOGL), Meta (META), Amazon (AMZN) and Open AI’s capex spending plans, the analyst added.
Claim 55% Off TipRanks
Forget margin or options. Here's how the pros trade CLSPublished first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on CLS:
- Celestica price target raised to $400 from $315 at RBC Capital
- Celestica price target raised to $350 from $208 at UBS
- Celestica price target raised to $385 from $230 at Stifel
- Celestica price target raised to $305 from $238 at TD Securities
- Celestica price target raised to $370 from $300 at BMO Capital