From Yahoo Finance: 2025-05-29 15:07:00

Argus analyst Jim Kelleher lowered Celestica Inc. (NYSE:CLS) price target to $120 from $150 but maintained a Buy rating after Q1 earnings beat. CLS offers product manufacturing and supply chain services, benefiting from AI trends and high-growth businesses.

Celestica projects 22% EPS growth with $10.7B AI revenue boost. Q2 2025 revenue forecasted between $2.575B and $2.725B with adjusted EPS guidance of $1.17 to $1.27. Adjusted operating margin expected at 7.2% at the midpoint, showing strong financial performance and growth outlook.

While CLS has potential, some AI stocks may offer higher returns with less downside risk. For more promising AI stocks with significant upside potential, explore the report on the cheapest AI stock. Additionally, check out the 33 Most Important AI Companies and 30 Best AI Stocks to Buy According to Billionaires for further insights.

Disclosure: None.

Read more: Argus Analyst Sees Celestica Inc. (NYSE:CLS) Benefiting From Diversification and AI Trends