S&P 500 eases slightly from fresh record high after stronger economic growth
Investing.com - RBC Capital raised its price target on Celestica (NYSE:CLS) to $225.00 from $185.00 on Wednesday, while maintaining an Outperform rating on the stock. The company’s shares, currently trading at $203.27, have surged nearly 20% in the past week alone, reflecting strong market confidence. According to InvestingPro analysis, the stock currently trades above its Fair Value.
The price target increase follows Celestica’s Q2 results, which RBC Capital described as the company’s strongest beat and raise in more than two years, driven by robust demand from hyperscalers.
RBC Capital noted that Celestica’s guidance remains conservative, suggesting potential upside for the company’s performance.
Despite Celestica shares having already experienced a material upward revaluation, RBC Capital believes the company’s valuation premium will be sustained due to strong growth and an improved revenue mix.
The firm’s previous price target for Celestica was $185.00, representing a $40.00 increase with the new target of $225.00.
In other recent news, Celestica Inc . reported robust financial results for the second quarter of 2025, surpassing analysts’ expectations. The company achieved an adjusted earnings per share of $1.39, exceeding the forecasted $1.23, and posted revenue of $2.89 billion, which was higher than the anticipated $2.67 billion. Following these results, Celestica revised its full-year guidance upward, now projecting revenue of $11.55 billion and adjusted EPS of $5.50. In addition to the earnings announcement, Stifel raised its price target for Celestica to $230 from $150, maintaining a Buy rating, citing strong demand driven by AI advancements. Furthermore, Celestica expanded its Board of Directors by appointing Chris Colpitts, who brings 20 years of experience in technology, media, and telecommunications sectors. Colpitts currently serves as a Founder at Granite Peak Capital Group and has a background in investment banking and private equity. These developments reflect ongoing strategic growth and positive market sentiment surrounding Celestica.
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