Stock Track | Celestica (CLS) Soars 5.09% as Analysts Raise Price Targets on Strong Outlook

Stock Track

02-06

Celestica Inc. (NYSE:CLS) stock surged 5.09% on Wednesday, outperforming the broader market, as analysts raised their price targets for the company following its impressive earnings results and bullish outlook for 2025.

RBC Capital analyst Paul Treiber raised the firm's price target on Celestica to $160 from $140, maintaining an Outperform rating on the shares. The analyst cited the company's strong fourth-quarter 2024 earnings and its raised revenue and earnings guidance for 2025 as reasons for the higher price target.

Celestica reported fourth-quarter 2024 revenue of $2.55 billion, up 19% year-over-year, and earnings per share of $1.29, surging from 77 cents in the prior-year quarter. The company attributed the strong performance to robust demand in its Connectivity and Cloud Solutions segment and expects the positive momentum to continue into 2026.

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(NYSE:CLS) stock surged 5.09% on Wednesday, outperforming the broader market, as analysts raised their price targets for the company following its impressive earnings results and bullish outlook for 2025.</p>\n<p>RBC Capital analyst Paul Treiber raised the firm's price target on Celestica to $160 from $140, maintaining an Outperform rating on the shares. The analyst cited the company's strong fourth-quarter 2024 earnings and its raised revenue and earnings guidance for 2025 as reasons for the higher price target.</p>\n<p>Celestica reported fourth-quarter 2024 revenue of $2.55 billion, up 19% year-over-year, and earnings per share of $1.29, surging from 77 cents in the prior-year quarter. 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