Celestica price target raised to $440 from $400 at RBC Capital

RBC Capital analyst Paul Treiber raised the firm’s price target on Celestica (CLS) to $440 from $400 and keeps an Outperform rating on the shares. The company is seeing strong demand momentum, as shown by the large increase in its FY26 and FY27 outlook, though component shortages were a headwind Q1, which resulted in a smaller than typical quarterly beat, the analyst tells investors in a research note. The increasing complexity of Celestica’s program wins speak to the company’s expanding capabilities, which would help sustain Celestica’s premium valuation, the firm added.

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