Celestica Inc. (NYSE:CLS) shares are soaring 5.25% in pre-market trading on Monday, as investors eagerly await the company's third-quarter earnings report scheduled for release after the closing bell. The surge in stock price comes amid heightened analyst expectations and recently raised price targets for the Toronto-based electronics manufacturing services company.

Analysts are projecting strong financial results for Celestica's Q3, with expectations of earnings per share at $1.49, a significant increase from $1.04 in the same period last year. Revenue is anticipated to reach $3.04 billion, up from $2.5 billion in the previous year. The positive outlook is bolstered by Celestica's better-than-expected second-quarter results and raised full-year guidance announced in July.

Several top Wall Street analysts have recently adjusted their ratings and price targets for Celestica, reflecting growing confidence in the company's prospects. RBC Capital's Paul Treiber maintained an Outperform rating and raised the price target to $315, while Goldman Sachs initiated coverage with a Buy rating and a $340 price target. These bullish sentiments, coupled with the imminent earnings release, appear to be driving the stock's pre-market rally as investors position themselves ahead of the anticipated positive results.