Goldman Sachs Begins Coverage of Celestica with a Buy Rating and Sets Price Target at $340

Written by Emily J. Thompson, Senior Investment Analyst

CLS+1.7%

Source: Benzinga

Updated: Oct 16 2025

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Source: Benzinga

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CLS

$308.25+Infinity%1D

Analyst Views on CLS

Wall Street analysts forecast CLS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for CLS is 376.73 USD with a low forecast of 305.00 USD and a high forecast of 440.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

11 Analyst Rating

9 Buy

2 Hold

0 Sell

Strong Buy

Current: 303.090

Low

305.00

Averages

376.73

High

440.00

Current: 303.090

Low

305.00

Averages

376.73

High

440.00

RBC Capital

Outperform

maintain

$400

2026-01-22

New

Reason

RBC Capital

Price Target

$400

AI Analysis

2026-01-22

New

maintain

Outperform

Reason

RBC Capital reiterated an Outperform rating and $400 price target on Celestica (CLS) following a DigiTimes report claiming that Inventec will gain a larger role in Google (GOOGL) TPU manufacturing. Celestica shares fell following the report, which also said that Inventec intends to significantly increase its AI server production capacity in 2026, the analyst tells investors in a research note. The firm said that the initial drop in Celestica shares was an overreaction, noting it is the firm's understanding that Celestica has maintained the majority of TPU assembly volumes to date due to higher production yields. While competition and share shifts are always risks that may erode Celestica's future growth trajectory, the firm believes Celestica is well positioned to continue to benefit from strong hyperscaler demand momentum through 2027.

TD Securities

John Shao

Hold

maintain

$305

2026-01-21

Reason

TD Securities

John Shao

Price Target

$305

2026-01-21

maintain

Hold

Reason

TD Securities analyst John Shao kept a Hold rating on Celestica with a $305 price target following a transfer of coverage. The firm sees better than expected Q4 results and consistent execution throughout 2026 for Celestica.

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Barclays

Overweight

maintain

$357 -> $359

2025-11-14

Reason

Barclays

Price Target

$357 -> $359

2025-11-14

maintain

Overweight

Reason

Barclays raised the firm's price target on Celestica to $359 from $357 and keeps an Overweight rating on the shares.

TD Securities

Hold

maintain

$238 -> $305

2025-10-29

Reason

TD Securities

Price Target

$238 -> $305

2025-10-29

maintain

Hold

Reason

TD Securities raised the firm's price target on Celestica to $305 from $238 and keeps a Hold rating on the shares post the Q3 report. The firm finds "little to fault in the quarter" and believes Celestica's guidance implies its momentum will continue into 2026. However, the stock's catalysts are now "flushed out," the analyst tells investors in a research note.

About CLS

Celestica Inc. is engaged in designing, manufacturing and providing hardware platform and supply chain solutions. It delivers supply chain solutions globally to customers in two operating segments: Advanced Technology Solutions (ATS) and Connectivity & Cloud Solutions (CCS). The ATS segment consists of its ATS end market and comprises its Aerospace & Defense (A&D), Industrial, HealthTech, and Capital Equipment businesses. Its Capital Equipment business comprises its semiconductor, display, and robotics equipment businesses. The CCS segment consists of its communications and enterprise end markets. The enterprise end market consists of Celestica’s servers and storage businesses. It offers a range of product manufacturing and related supply chain services to customers in both of its segments, including design and development, new product introduction, engineering services, component sourcing, electronics manufacturing and assembly, testing, systems integration, among others.

About the author

Emily J. Thompson

Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.