Celestica (NYSE:CLS) Price Target Raised to $480.00

Celestica (NYSE:CLS) (TSE:CLS) had its target price increased by Canaccord Genuity Group from $455.00 to $480.00 in a research report sent to investors on Thursday morning,BayStreet reports. They currently have a buy rating on the technology company’s stock.

Several other analysts also recently weighed in on the company. Stifel Nicolaus set a $500.00 target price on Celestica in a research note on Tuesday, July 28th. FBN Securities started coverage on shares of Celestica in a research note on Tuesday, September 15th. They set an “outperform” rating and a $375.00 price target on the stock. JPMorgan Chase & Co. lifted their price objective on Celestica from $445.00 to $485.00 and gave the company an “overweight” rating in a report on Wednesday, July 29th. Wall Street Zen lowered shares of Celestica from a “buy” rating to a “hold” rating in a report on Sunday, September 6th. Finally, Sanford C. Bernstein restated an “outperform” rating on shares of Celestica in a research report on Thursday, October 15th. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $453.32.

Celestica Stock Performance

Shares of CLS opened at $264.80 on Thursday. The firm has a market cap of $33.39 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 0.67 and a beta of 2.01. Celestica has a 12 month low of $244.51 and a 12 month high of $474.02. The company’s fifty day moving average is $324.62 and its 200-day moving average is $331.28. The company has a quick ratio of 0.68, a current ratio of 1.61 and a debt-to-equity ratio of 0.13.

Celestica (NYSE:CLS) (TSE:CLS) last announced its earnings results on Monday, October 26th. The technology company reported $3.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.02 by $0.28. Celestica had a return on equity of 33.80% and a net margin of 6.83%. The firm had revenue of $5.74 billion during the quarter, compared to analysts’ expectations of $5.39 billion. Equities analysts expect that Celestica will post 11.55 EPS for the current fiscal year.

Insider Activity at Celestica

In other Celestica news, President Todd Cooper sold 20,118 shares of the firm’s stock in a transaction that occurred on Wednesday, September 23rd. The shares were sold at an average price of $360.00, for a total transaction of $7,242,480.00. Following the sale, the president directly owned 73,252 shares in the company, valued at approximately $26,370,720. This trade represents a 21.55% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CFO Mandeep Chawla sold 16,117 shares of the business’s stock in a transaction dated Tuesday, August 4th. The shares were sold at an average price of $369.32, for a total value of $5,952,330.44. Following the completion of the sale, the chief financial officer owned 65,444 shares in the company, valued at approximately $24,169,778.08. This trade represents a 19.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 232,641 shares of company stock worth $85,370,372. 1.10% of the stock is owned by company insiders.

Institutional Trading of Celestica

Several institutional investors and hedge funds have recently added to or reduced their stakes in CLS. Renaissance Technologies LLC bought a new stake in shares of Celestica in the first quarter valued at approximately $68,952,000. Ferguson Wellman Capital Management Inc. bought a new position in shares of Celestica in the third quarter worth $27,821,000. K.J. Harrison & Partners Inc bought a new position in Celestica in the 2nd quarter valued at about $1,092,000. Quantinno Capital Management LP raised its position in Celestica by 73.7% during the first quarter. Quantinno Capital Management LP now owns 23,954 shares of the technology company’s stock valued at $6,746,000 after purchasing an additional 10,164 shares in the last quarter. Finally, Ninepoint Partners LP bought a new stake in Celestica during the second quarter worth $2,880,000. 67.38% of the stock is owned by institutional investors.

Key Celestica News

Here are the key news stories impacting Celestica this week:

• Positive Sentiment: Raised outlook and strong AI-driven growth: Celestica exceeded third-quarter expectations, increased its 2026 guidance and outlined an aggressive 2027 growth ramp targeting approximately $40 billion in revenue. Demand for data-center infrastructure and AI-related products remains the primary bullish catalyst. CLS Raises 2026 Outlook as AI Demand Powers an Aggressive 2027 Ramp
• Positive Sentiment: Share repurchase authorization: The TSX accepted Celestica’s normal-course issuer bid, allowing the company to repurchase shares beginning November 3, 2026, through November 2, 2027, or until the program is completed. Buybacks could support per-share earnings and signal management’s confidence in long-term value. Celestica Announces TSX Acceptance of Normal Course Issuer Bid
• Positive Sentiment: Analyst support: Canaccord Genuity raised its price target to $480 and maintained a “buy” rating. Other coverage also remains bullish on Celestica’s AI exposure and earnings growth. Canaccord Genuity Group recommendations
• Neutral Sentiment: Unusually high options activity and post-earnings price volatility indicate heightened investor interest, but do not establish a clear directional signal. Celestica Sees Unusually Large Options Volume
• Negative Sentiment: Execution and valuation concerns: Investors are questioning whether rising capital expenditures, cash-flow pressure, customer concentration and a premium valuation adequately reflect the company’s expected AI growth. These concerns have outweighed the earnings beat in recent trading. CLS Falls 14.4% in a Week as AI Growth Meets Rising Execution Risks

About Celestica

Celestica Inc is a global provider of design, manufacturing, and supply chain solutions for original equipment manufacturers and other technology companies. The company helps customers develop, produce, and support complex hardware and integrated systems across their product life cycles.

Its services include product design and engineering, electronics and mechanical manufacturing, systems integration, testing, supply chain management, logistics, and after-market support. Celestica serves markets such as communications, enterprise and cloud computing, aerospace and defense, industrial technology, health technology, and capital equipment.

Headquartered in Toronto, Canada, Celestica operates a global network of manufacturing, engineering, and supply chain facilities serving customers in North America, Europe, and Asia.