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Home/News Feed/Celestica stock jumps after UBS upgrade and strong AI-driven growth forecast.

CLS

$317.16

+$9.84 +3.20%

Celestica stock jumps after UBS upgrade and strong AI-driven growth forecast.

Market News

24 Aug 2026

Stuart Mooney

View Source

Bullish

Celestica, a key player in AI hardware infrastructure, saw its stock surge following an upgrade by UBS to 'Buy' due to robust demand for its AI networking and compute solutions. The company raised its 2026 revenue forecast to $20.5 billion, driven by strong growth in its Communications and Cloud Solutions segment. Analysts expect a significant price rally, with many recommending the stock as a strong buy, reflecting confidence in Celestica's AI-driven expansion.

More News (CLS)

Celestica posts 62% revenue growth driven by AI demand, with shares seen rising 27% by 2027.

Celestica reported a strong quarter with 62% revenue growth and 83% adjusted EPS growth, fueled by high demand for AI infrastructure. The Communications and Cloud Solutions segment accounted for 81% of sales, with server and storage revenue up 167% y...

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Bullish

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