Stifel analyst Matthew Sheerin maintains $Celestica (CLS.US)$ with a buy rating, and adjusts the target price from $58 to $70.
According to TipRanks data, the analyst has a success rate of 69.7% and a total average return of 15.2% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Celestica (CLS.US)$'s main analysts recently are as follows:
Celestica delivered impressive financial results that exceeded expectations, along with guidance for 2025 that surpasses the consensus and aligns closely with the highest estimates previously on record. Analysts acknowledge that Celestica is poised to greatly benefit from the rising investments in data center communications equipment. They suggest that there is potential for the company's guidance to be on the cautious side, considering the additional growth prospects.
The company has once again surpassed expectations with its third-quarter results, and although the revenue guidance for FY25 aligns with the general consensus, there is potential for higher outcomes given the management's usual cautious approach. As there is greater clarity regarding sustained growth and profit margins, it is anticipated that the company's valuation may experience an upward revaluation.
Note:
TipRanks, an independent third party, provides analysis data from financial analysts and calculates the Average Returns and Success Rates of the analysts' recommendations. The information presented is not an investment recommendation and is intended for informational purposes only.
Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.
