TD Cowen analyst Daniel Chan maintains $Celestica (CLS.US)$ with a buy rating, and adjusts the target price from $68 to $70.
According to TipRanks data, the analyst has a success rate of 59.8% and a total average return of 11.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Celestica (CLS.US)$'s main analysts recently are as follows:
Celestica's recent report exceeded expectations, and their forecast for 2025 is significantly ahead of the general consensus, nearly aligning with the highest estimates on earnings per share. The results, projected figures, and investor highlights reinforce the view that Celestica stands to gain considerably from the uptick in investments in data center communications equipment. There's a belief that with further growth possibilities, the guidance provided may be on the lower side.
Celestica's recent Q3 results demonstrated another robust performance, surpassing expectations. Despite the FY25 revenue guidance aligning with consensus projections, there's potential for outperformance considering the management's customary cautious approach. As the company gains further clarity on its trajectory for growth and profitability, its valuation is anticipated to progressively adjust upwards.
Note:
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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.
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