Celestica Soars 6.59% on Analyst Upgrades, AI Trends

Celestica's stock price surged to its highest level since February 2025, with an intraday gain of 6.59%.

The strategy of buying CLS shares after they reached a recent high and holding for one week resulted in significant returns over the past five years. The strategy achieved an overall return of 865.96%, surpassing the benchmark return of 56.28% by 809.69%. Although the strategy had a maximum drawdown of -40.96% and a Sharpe ratio of 2.67, indicating some risk and moderate returns, the compound annual growth rate (CAGR) was 155.21%, reflecting the strategy's ability to generate substantial returns over the long term.

Celestica has garnered positive attention from analysts, with BNP Paribas Exane's Karl Ackerman initiating coverage with an Outperform rating and a $150 price target. This optimistic assessment has bolstered investor confidence in the company's prospects.

Barclays has also raised its price target for Celestica from $126.00 to $146.00, indicating a 15.87% increase in their valuation of the stock. This adjustment reflects a favorable view of Celestica's potential performance and has contributed to the stock's upward trajectory.

Additionally, brokerage upgrades and the growing sentiment around AI trends have played a significant role in driving Celestica's share price higher. These factors have collectively contributed to the stock's recent gains, highlighting the company's strong position in the market.