Celestica Inc. Stock Soars 9.67% on Expansion Plans, Buy Ratings

Celestica Inc.'s stock price has surged to its highest level since February 2025, with an intraday gain of 5.67%.

Celestica Inc.'s stock price has been positively impacted by several recent developments. The company announced a major expansion plan, which has significantly boosted investor confidence and driven the stock price up by 9.42%. Additionally, major announcements have further fueled investor enthusiasm, leading to a 9.67% surge in the stock price.

Analysts have initiated a "buy" rating for Celestica, with an average price target of $165.44, reflecting positive sentiment. The stock has also overtaken the 50-day moving average, rallying 28.9% over the past four weeks, suggesting potential for further growth.

Celestica is forecasted to see an earnings per share (EPS) increase from $4.75 to $5.00, alongside an expected revenue leap to $10.85 billion, indicating robust financial health. These positive financial projections have further bolstered investor confidence in the company's future prospects.