Celestica Inc (TSX:CLS) . (NYSE:CLS), now commanding a market capitalization of $12.27 billion, has reached an unprecedented milestone, with its stock price soaring to an all-time high of $106.16. This remarkable peak reflects a significant surge in the company's market value, marking a 258.89% increase over the past year. InvestingPro analysis indicates the company maintains a "GREAT" overall financial health score. Investors have shown growing confidence in Celestica's performance and future prospects, propelling the stock to new heights with analyst targets ranging from $68 to $115. The company's strategic initiatives and strong financial results, including 17.52% revenue growth, have contributed to this impressive year-over-year growth, capturing the attention of the market and solidifying its position as a formidable player in its industry. For deeper insights into CLS's valuation and growth potential, check out the comprehensive Pro Research Report available on InvestingPro, which covers 14 additional expert tips and detailed analysis.
In other recent news, Celestica has seen several significant developments, with emphasis on earnings and revenue results. RBC (TSX:RY) Capital Markets significantly increased their price target on Celestica stock to $115.00, anticipating a strong performance in 2025. Stifel also maintained a positive outlook on Celestica, raising its price target to $100, and projecting earnings per share (EPS) for Celestica to fall within the $5.50 to $5.60 range.
UBS initiated coverage on Celestica with a Neutral rating and set a price target of $95.00. The firm suggests a balanced risk/reward profile at this point, despite expectations of strong investments in AI and a rebound in Advanced Technology Solutions. BMO (TSX:BMO) Capital Markets and RBC Capital raised their stock price targets to $72 and $75, respectively, following Celestica's strong third-quarter performance for 2024.
Celestica also expanded its senior secured credit agreement to $1.5 billion and launched the DS4100 data center switch. Lastly, Celestica complied with SEC requirements by submitting a recent report under the rules applicable to foreign private issuers. These are the recent developments in Celestica's operations and financial performance.
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