CIBC Maintains Outperformer on Celestica (CLS) Amid AI Growth

Celestica Inc. (NYSE:CLS) ranks among the most profitable Canadian Stocks to buy now. On March 11, CIBC reduced its price target for Celestica Inc. (NYSE:CLS) from $400 to $360 while retaining an Outperformer rating for the company.

The firm stated that the decrease indicates a lower-multiple environment rather than a decline in fundamentals.

According to CIBC’s prevailing scenario, the stock suggests a 15% increase in revenue above 2027 projections. The upside scenario assumes that the AI infrastructure cycle will continue, resulting in revenue that is 30% higher than estimated for 2027. Meanwhile, the downside scenario represents a significant risk if AI capex peaks in 2027.

CIBC further stated that, given increased visibility into Google, Meta, Amazon, and OpenAI’s capital expenditure plans, it continues to believe that Celestica’s guidance and estimates for Q1 and 2026 remain somewhat conservative.

Celestica Inc. (NYSE:CLS), together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It operates through two segments: Advanced Technology Solutions and Connectivity & Cloud Solutions.

While we acknowledge the potential of CLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

READ NEXT: 33 Stocks That Should Double in 3 Years and 15 Stocks That Will Make You Rich in 10 Years 

Disclosure: None. Follow Insider Monkey on Google News.

Source link

Visited 1 times, 1 visit(s) today

Related Article

TransUnion Announces Earnings Release Date for First Quarter 2026 Results

TransUnion CHICAGO, March 26, 2026 (GLOBE NEWSWIRE) — TransUnion (NYSE: TRU) will publish its financial results for the first quarter ended March 31, 2026, in a press release to be issued at approximately 6:00 a.m. Central Time (CT) on Tuesday, April 28, 2026. The company will hold a conference call on the same day at

Warren Buffett and Greg Abel Spent $78 Billion Buying This Stock Since 2018 — That’s More Than Was Spent Buying Apple, Chevron, Bank of America, and Occidental Petroleum, Combined!

On Dec. 31, Wall Street’s premier buy-and-hold investor, Warren Buffett, hung up his work coat for the final time. Berkshire Hathaway‘s (NYSE: BRKA)(NYSE: BRKB) billionaire boss stepped down as CEO — a title he’d held for more than half a century — and passed the baton to Greg Abel. During the Oracle of Omaha’s tenure,

Morning wrap: Stock market indices slide as oil jumps to $100 again (26.03.2026)

Equity market sentiment is weakening, while oil is returning to around $98, as markets appear to be pricing in a lower probability of a near-term ceasefire in the Middle East following yesterday’s comments from Iranian military leadership. US100 futures are down 0.3%, and after a weak session in Asia, European indices are also likely

Assessing Rexford Industrial Realty (REXR) Valuation After Recent Share Price Weakness

Track your investments for FREE with Simply Wall St, the portfolio command center trusted by over 7 million individual investors worldwide. Rexford Industrial Realty (REXR) has drawn attention after a recent share price slide, with the stock showing negative returns over the month, past 3 months and past year, prompting investors to reassess the REIT’s

Both Are Down Big in 2026 — but Only 1 Is a Buy Right Now

This year has been a pretty wild ride for the stock market so far. Both Nvidia (NASDAQ: NVDA) and Alphabet (NASDAQ: GOOG)(NASDAQ: GOOGL) are down this year. Alphabet has tumbled 6.6% this year while Nvidia is down 6.38%. Will AI create the world’s first trillionaire? Our team just released a report on the one little-known company,

Here’s What Could Send Nvidia Stock to New All-Time Highs

It has been a while since Nvidia (NASDAQ: NVDA) notched a new all-time high. October 2025 was its last such high, and it’s currently down around 15% from those levels. Despite that poor performance over the past half year, Nvidia has been delivering incredible results along with announcements regarding chip orders. I think a new

Greencastle Announces Closing of Acquisition of Common Shares of Future Fuels Inc.

Toronto, Ontario–(Newsfile Corp. – March 25, 2026) – Greencastle Resources Ltd. (TSXV: VGN) (“Greencastle” or the “Company“) is pleased to announce that it has closed its previously announced acquisition (the “Acquisition“) of an aggregate of 480,000 common shares (the “Purchased Shares“) in the capital of Future Fuels Inc. (TSXV: FTUR) (“Future Fuels“) pursuant to a

LEEF Brands Reports Fourth Quarter And Full Year 2025 Results; Salisbury Canyon Ranch Drives Margin Expansion And Mindset Capital Investment Fuels Next Phase Of Growth

LEEF Brands Inc. VANCOUVER, British Columbia, March 25, 2026 (GLOBE NEWSWIRE) — LEEF Brands, Inc. (CSE: LEEF) (OTCQB: LEEEF) (“LEEF” or the “Company”), a rapidly growing cannabis company, today reported financial results for the fourth quarter and full year ended December 31, 2025. Fourth Quarter 2025 Highlights Revenue of $8.3 million, an increase of 38.9%

Capital Clean Energy Carriers (CCEC) Reprts Fourth Quarter 2025 Financial Results

Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) is one of the 10 Best Shipping Stocks to Buy According to Analysts. On March 5, 2026, Capital Clean Energy Carriers Corp. (NASDAQ:CCEC) announced a Q4 2025 net income of $28.4 million, increasing 36.5% from $20.8 million in Q4 2024. Revenue was $98.3 million, up 0.7%. The company’s expenses

Investors’ Concerns Hurt Netflix (NFLX) in Q4

RiverPark Advisors, an investment advisory firm and sponsor of the RiverPark family of mutual funds, released its “RiverPark Large Growth Fund” Q4 2025 investor letter. A copy of the letter can be downloaded here. The US stock market delivered modest gains in the quarter with the S&P 500 index (“S&P”) and the Russell 1000 Growth

0
Would love your thoughts, please comment.x
()
x