Celestica Price Target Raised to US$315 at CIBC

MT Newswires Live
Oct 20, 2025

CIBC Capital Markets raised its price target on Celestica Inc. (CLS.TO, CLS) to US$315 from US$245.

Analyst Todd Coupland maintained an Outperformer rating on shares of the Canadian electronics manufacturer ahead of its Q3 results on October 28.

"Our view is Celestica's Q3 and 2025 guidance and 2026E are still 'conservative' given the improved visibility into Alphabet Inc. (GOOGL), Meta Platforms Inc. (META), Amazon.com Inc. (AMZN), and Open AI's capex spending plans," Coupland said in a note to clients.

"Recent announcements from Broadcom Inc. (AVGO) signal that a pull forward in demand from 2027 into 2026 is possible," the analyst said. "Combined, this supports our positive Celestica thesis."

"Celestica's improved visibility is due to its leadership in the 800G and above networking switch market... Catalysts for incremental growth are: 1) firm customer capex plans for Q4/25 and 2026 and 2) incremental demand for Celestica's 1.6T switch, which already has multiple hyperscaler design wins, scheduled to ramp up in H2/26 and 2027."

(MT Newswires covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www.mtnewswires.com/contact-us)

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