Celestica stock soars to all-time high of $100.69

Celestica Inc . (NYSE:CLS) has reached an unprecedented milestone, with its stock price soaring to an all-time high of $100.69. According to InvestingPro data, the company's current market capitalization stands at $11.6 billion, with analysts setting a high target of $110. This remarkable peak reflects a significant surge in the company's market valuation, marking a substantial 258.6% change over the past year. The company's strong financial health is evident in its GREAT overall score from InvestingPro, with particularly impressive price momentum. Based on InvestingPro's Fair Value analysis, the stock appears slightly overvalued at current levels. The company's strategic initiatives and strong financial results have likely contributed to this impressive growth, capturing the attention of both individual and institutional investors. With revenue growth of 17.5% and a healthy current ratio of 1.47, Celestica (TSX:CLS) demonstrates solid operational performance. Eight analysts have recently revised their earnings expectations upward, suggesting continued momentum ahead.

In other recent news, Celestica has been the subject of several significant developments. Stifel has maintained a positive outlook on Celestica, raising its price target to $100 while retaining a Buy rating. The firm anticipates robust growth for Celestica, fueled by increasing demand from hyperscale clients and a rebound in industrial markets. Stifel's analyst projects that earnings per share for Celestica could fall within the $5.50 to $5.60 range, excluding potential benefits from mergers and acquisitions or significant share repurchase activities.

UBS initiated coverage on Celestica with a Neutral rating and a price target of $95.00, expressing a balanced outlook amid strong AI investments and valuation concerns. UBS suggests that Celestica's shares may already account for significant growth expectations, advising caution and suggesting that the risk/reward profile is balanced at this point.

BMO Capital Markets and RBC Capital have raised their stock price targets for Celestica to $72 and $75, respectively, following the company's strong third-quarter performance for 2024. Celestica also expanded its senior secured credit agreement to $1.5 billion to support its growth initiatives. Additionally, the company launched the DS4100 data center switch, addressing the growing demands of AI/ML data center networking.

These recent developments provide investors with insights into Celestica's financial performance and analyst perspectives, based on the facts presented in past articles.

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