Highlights:
- Celestica (CLS, Financial) achieves its 17th consecutive earnings beat, affirming its top IT stock status.
- Analysts offer an average price target for CLS with an attractive upside of 37.50%.
- Despite bullish sentiment, GuruFocus' GF Value suggests a possible downside of 54.89%.
Celestica Inc. (CLS), a leader in IT services, has been making waves in the stock market, earning recognition from Seeking Alpha’s Quant Rating system as the preeminent IT stock. Despite facing macroeconomic headwinds and the looming threat of tariff impacts, Celestica continues to shine with its impressive record of 17 consecutive earnings beats. This news, coupled with a surge in positive analyst ratings, positions Celestica as a stock with significant upside potential.
Wall Street Analysts Forecast
Looking ahead, Wall Street analysts have set their sights on Celestica Inc. (CLS, Financial) with encouraging price targets. According to estimates from 12 analysts, the average price target stands at $122.44, with a high of $150.00 and a low of $95.00. This average target suggests a promising upside potential of 37.50% from the current trading price of $89.05. Investors can explore more detailed projections on the Celestica Inc (CLS) Forecast page.
The sentiment remains robust among brokerage firms, as evidenced by the consensus recommendation from 14 firms, positioning Celestica Inc.'s (CLS, Financial) average rating at 1.9, which denotes an "Outperform" status. This rating scale ranges from 1 to 5, where 1 signifies a Strong Buy and 5 indicates Sell.
However, it's crucial for investors to weigh these insights against the estimated GF Value provided by GuruFocus. The GF Value for Celestica Inc. (CLS, Financial) in one year is projected at $40.17, which warns of a potential downside of 54.89% from the current price of $89.05. The GF Value represents GuruFocus’ calculated fair value for the stock, derived from historical trading multiples, past business growth, and future performance estimates. More detailed information is available on the Celestica Inc (CLS) Summary page.
