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Celestica Positioned for Growth: Strategic Partnerships and AI Opportunities Drive Buy Rating

Celestica Positioned for Growth: Strategic Partnerships and AI Opportunities Drive Buy Rating

Analyst Thanos Moschopoulos of BMO Capital maintained a Buy rating on Celestica, boosting the price target to $300.00.

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Thanos Moschopoulos has given his Buy rating due to a combination of factors, primarily driven by Celestica’s strategic positioning and potential growth opportunities. The recent announcement of a strategic partnership between OpenAI and Broadcom is expected to significantly benefit Celestica, as the company is likely to be a key supplier for OpenAI’s infrastructure needs. This partnership is anticipated to drive substantial revenue growth for Celestica, particularly in the fiscal year 2027, which is not fully reflected in current market estimates.
Furthermore, Celestica’s strong market position and customer exposure justify a premium valuation, and the company’s involvement in the AI capital expenditure cycle with major hyperscaler clients suggests a durable competitive advantage. Moschopoulos has raised the target price for Celestica’s stock, reflecting confidence in the company’s ability to capitalize on these opportunities and deliver robust financial performance in the coming years.

According to TipRanks, Moschopoulos is a 5-star analyst with an average return of 21.4% and a 61.57% success rate. Moschopoulos covers the Technology sector, focusing on stocks such as Celestica, Open Text, and The Descartes Systems Group.

In another report released yesterday, CLSA also initiated coverage with a Buy rating on the stock with a $350.00 price target.

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