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Celestica Inc (NYSE:CLS), now commanding a market capitalization of $18.94 billion, has reached a significant milestone as its stock hit an all-time high of $166.16. This achievement underscores the company’s strong performance over the past year, with the stock delivering a remarkable 171% return. According to InvestingPro analysis, the stock currently trades at a P/E ratio of 45.7, suggesting premium valuation levels. The remarkable growth reflects positive market sentiment and investor confidence in Celestica (TSX:CLS)’s strategic initiatives and operational execution, supported by robust revenue growth of 21% over the last twelve months. As the company continues to navigate the competitive landscape, this all-time high marks a noteworthy point in its financial trajectory. Discover 18 additional key insights and comprehensive valuation analysis for CLS through InvestingPro’s detailed research report.
In other recent news, Celestica reported a 20% year-over-year increase in sales, reaching $2.65 billion, with notable growth in its Communications and Cloud Solutions segment and Advanced Technology Solutions segment. This financial performance exceeded the company’s original expectations and has been a focal point for analysts. RBC Capital raised its price target for Celestica to $185 from $120, maintaining an Outperform rating, citing strong growth momentum in hyperscaler markets. Similarly, BMO Capital adjusted its price target to $130 from $118, also keeping an Outperform rating, following investor meetings and citing robust demand and significant contract wins. Stifel analysts maintained a Buy rating with a $150 target, emphasizing the company’s strong sales performance and ongoing demand in the Communications and Cloud Solutions segment. Citi initiated coverage on Celestica with a Neutral rating and a $172 price target, highlighting the company’s strong share gains in the AI back-end switch market. Meanwhile, BMO Capital previously lowered its price target to $118 from $140 but maintained an Outperform rating due to industry-wide trends, despite Celestica’s strong first-quarter results and raised full-year guidance. These developments indicate continued interest and varied perspectives from analysts on Celestica’s financial health and market position.
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