Celestica Soars 2.94% on Brokerage Upgrades, AI Trends

Celestica's share price rose to its highest level since February 2025 today, with an intraday gain of 2.94%.

The strategy of buying CLS shares after they reached a recent high and holding for 1 week yielded moderate returns over the past 5 years, with a 7.95% annualized gain. This result suggests that the strategy captured some of the subsequent price appreciation, but the returns were not significantly high. The 7-day holding period might have been too short to benefit from the full potential of the bullish momentum.

Celestica has received a strong buy recommendation from brokerages, with an average brokerage recommendation (ABR) of 1.40. This positive sentiment is further bolstered by Barclays, which raised its price target for Celestica from $126 to $146, maintaining an overweight rating due to positive checks. Additionally, Stifel Nicolaus increased their target price for Celestica from $140.00 to $150.00 and provided a "buy" rating.

Celestica's financial performance has been robust, with strong revenue growth of 21.05% year-over-year. Future earnings per share (EPS) are expected to grow by 24.42% annually, indicating a positive outlook for the company's financial health. An Argus Analyst notes that Celestica is benefiting from diversification and AI trends, which are driving its growth and innovation in the market.