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Celestica set for strong growth on AI hardware demand, with potential 20%+ annual returns through 2030.

Analyst Insights
19 May 2026
Seeking Alpha
View Source
Bullish
pluang ai news

Celestica Inc. is poised to benefit significantly from ongoing demand for AI hardware, particularly driven by hyperscalers and a major Ethernet upgrade. Its Hardware Platform Solutions segment is expected to sustain elevated growth through 2026 and beyond. Despite a high current valuation of 43 times earnings, the company appears undervalued long-term due to projected annualized returns exceeding 20% through 2029–2030. Key growth drivers include structural AI tailwinds, margin improvements, and ongoing share buybacks, prompting a Strong Buy recommendation.

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