Celestica Inc. (NYSE:CLS) is praised by Jim Cramer as a “strong buy” for its contract manufacturing services during times of tariffs. The stock has risen nearly 90% since Cramer’s endorsement. However, other AI stocks may offer greater upside potential with less downside risk.

Celestica Inc. (NYSE:CLS) offers manufacturing and supply chain solutions for various industries. Cramer believes the stock, currently selling at 22 times earnings, may be a good buy opportunity when it hits 20 times earnings below the S&P. He estimates a target price of $80.

Cramer’s endorsement of Celestica Inc. (NYSE:CLS) has led to a nearly 90% increase in the stock price. While CLS shows potential, other AI stocks may offer greater upside with less risk. Investors seeking undervalued AI stocks can find opportunities in the market.

Investors looking for AI stocks with high growth potential and minimal risk may want to explore other options beyond Celestica Inc. (NYSE:CLS). Despite its recent success, there are other opportunities in the market that may offer better returns.

For more insights on potential investment opportunities, check out articles on “30 Stocks That Should Double in 3 Years” and “11 Hidden AI Stocks to Buy Right Now” on Insider Monkey.

Read more at Yahoo Finance: “It is a Strong Buy”