Celestica Inc. (NYSE:CLS) is among the top performers on Wall Street, hitting a new high after impressive earnings and growth guidance, with net income doubling in Q2 to $211 million and revenues up 21% to $2.89 billion. The stock soared 16.51% to $202 per share.

In the first half, net income rose 59% to $297.2 million and revenues increased 20% to $5.5 billion. Celestica (CLS) raised its 2025 revenue outlook to $11.55 billion and adjusted EPS to $5.5. Investment firm Stifel raised its price target to $230 with a “buy” rating.

Despite the positive outlook for Celestica, some believe that other AI stocks may offer higher returns with less risk. A free report on the best short-term AI stock, which also benefits from Trump tariffs and onshoring, is available for those seeking investment opportunities.

Read more at Yahoo Finance: Celestica (CLS) Jumps to New High on Strong Income, Optimistic Outlook