Celestica price target raised to $510 from $460 at Susquehanna

Susquehanna raised the firm’s price target on Celestica (CLS) to $510 from $460 and keeps a Positive rating on the shares. The firm updated its model by raising estimates, supported by a clear path toward a $20 EPS opportunity as the 1.6T/3.2T programs ramp in CY27-28. While Semi-Cap Equipment (SCE) currently represents less than10% of total revenue, they expect the mix to roughly double by YE27, providing incremental upside to firm forecasts.

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