Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) had its target price upped by Canadian Imperial Bank of Commerce from $425.00 to $480.00 in a research report issued on Wednesday,BayStreet.CA reports. The brokerage presently has an “outperformer” rating on the technology company’s stock. Canadian Imperial Bank of Commerce’s price objective would indicate a potential upside of 28.55% from the stock’s current price.
A number of other equities analysts have also commented on CLS. Stifel Nicolaus set a $445.00 price objective on Celestica in a research note on Tuesday. Barclays lifted their price objective on Celestica from $391.00 to $441.00 and gave the stock an “overweight” rating in a research note on Wednesday. The Goldman Sachs Group reiterated a “buy” rating and issued a $475.00 price objective on shares of Celestica in a research note on Tuesday. Canaccord Genuity Group lifted their target price on Celestica from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Monday, February 2nd. Finally, TD Cowen raised Celestica from a “hold” rating to a “buy” rating and lifted their target price for the stock from $350.00 to $430.00 in a research report on Wednesday. One equities research analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $424.78.
View Our Latest Stock Report on Celestica
Celestica Stock Performance
Celestica (NYSE:CLS – Get Free Report) (TSE:CLS) last posted its quarterly earnings data on Monday, April 27th. The technology company reported $2.16 EPS for the quarter, topping analysts’ consensus estimates of $2.08 by $0.08. The business had revenue of $3.96 billion for the quarter, compared to analyst estimates of $4.06 billion. Celestica had a return on equity of 37.35% and a net margin of 6.95%.The firm’s revenue for the quarter was up 52.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.20 earnings per share. Celestica has set its FY 2026 guidance at 10.150-10.150 EPS and its Q2 2026 guidance at 2.140-2.340 EPS. As a group, equities research analysts predict that Celestica will post 8.5 earnings per share for the current year.
Insider Buying and Selling
In related news, President Jason Phillips sold 100,000 shares of Celestica stock in a transaction dated Friday, February 6th. The stock was sold at an average price of $308.92, for a total transaction of $30,892,000.00. Following the sale, the president directly owned 12,584 shares of the company’s stock, valued at $3,887,449.28. This trade represents a 88.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, President Todd C. Cooper sold 1,065 shares of Celestica stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $283.51, for a total value of $301,938.15. Following the sale, the president directly owned 108,970 shares in the company, valued at $30,894,084.70. The trade was a 0.97% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 297,923 shares of company stock valued at $88,027,459 over the last three months. 1.10% of the stock is owned by corporate insiders.
Institutional Investors Weigh In On Celestica
A number of institutional investors have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its holdings in Celestica by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,811,695 shares of the technology company’s stock valued at $1,423,333,000 after purchasing an additional 73,022 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Celestica by 24.8% during the fourth quarter. JPMorgan Chase & Co. now owns 4,017,623 shares of the technology company’s stock valued at $1,187,650,000 after purchasing an additional 798,782 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its holdings in Celestica by 5,806,149.2% during the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,657,937 shares of the technology company’s stock valued at $1,081,323,000 after purchasing an additional 3,657,874 shares in the last quarter. Arrowstreet Capital Limited Partnership boosted its holdings in Celestica by 471.5% during the third quarter. Arrowstreet Capital Limited Partnership now owns 3,146,928 shares of the technology company’s stock valued at $775,133,000 after purchasing an additional 2,596,318 shares in the last quarter. Finally, Franklin Resources Inc. boosted its holdings in Celestica by 18.6% during the fourth quarter. Franklin Resources Inc. now owns 2,278,214 shares of the technology company’s stock valued at $673,471,000 after purchasing an additional 356,797 shares in the last quarter. 67.38% of the stock is owned by institutional investors and hedge funds.
Celestica News Summary
Here are the key news stories impacting Celestica this week:
- Positive Sentiment: Beat and raise: Celestica topped Q1 EPS expectations and raised FY?2026 revenue and EPS guidance materially, giving investors clearer high?growth visibility. Celestica Announces First Quarter 2026 Financial Results
- Positive Sentiment: AI product momentum: Celestica launched the DS6000 1.6TbE switches (now available to order), supporting its positioning in AI/networking infrastructure and reinforcing revenue backlog prospects. Celestica Accelerates AI-Scale Networking: DS6000-Series 1.6TbE Switches Now Available to Order
- Positive Sentiment: Strong top?line and margin trends: Q1 revenue rose ~53% YoY with CCS revenue and margins expanding—supporting the upgraded outlook. Celestica Surpasses Q1 Earnings Estimates on Solid CCS Demand
- Neutral Sentiment: Momentum metrics: Some outlets flag Celestica as a high?momentum stock—useful for tactical traders but not a substitute for valuation assessment. Celestica (CLS) is a Top-Ranked Momentum Stock: Should You Buy?
- Neutral Sentiment: Read the slides/transcript for detail: The earnings deck and call provide backlog, customer and capex color that investors should review to judge execution risk. Celestica Q1 2026 Earnings Transcript / Slides
- Negative Sentiment: Sharp post?earnings sell?off: Despite the beat and raise, Celestica erased nearly $10B of market value in a single day as the market sold into the rally—indicating profit?taking and short?term re?rating. Celestica craters by $10B after earnings
- Negative Sentiment: Analyst caution and execution risks: Some analysts downgraded or flagged that elevated valuations, supply?chain bottlenecks, high planned capex and only modest near?term margin improvement increase execution risk beyond 2026. Celestica: It’s Now Much Harder To Excite The Market (Downgrade)
About Celestica
Celestica Inc is a multinational electronics manufacturing services (EMS) company that provides design, engineering, manufacturing and supply chain solutions to original equipment manufacturers across a range of industries. Headquartered in Toronto, Ontario, Canada, Celestica works with customers to develop and produce complex electronic and electro-mechanical products, integrating activities from product design and prototyping through high-volume assembly, testing and final system integration.
The company’s service offering typically includes product engineering and design support, printed circuit board assembly, box-build and systems assembly, automated test and inspection, aftermarket repair and refurbishment, and end-to-end supply chain and logistics management.
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