BMO Capital Raised the Firm’s PT on Celestica Inc (CLS), Kept a Buy Rating

Celestica Inc. (NYSE:CLS) is one of the Best Performing Canadian Stocks So Far in 2025. On July 29, BMO Capital analyst Thanos Moschopoulos increased the price target on Celestica Inc. (NYSE:CLS) from $130 to $230, while maintaining a Buy rating on the stock.

The analyst noted the company’s financial performance and strategic positioning as one of the key factors behind his bullish sentiment. Moschopoulos highlighted that Celestica Inc. (NYSE:CLS) reported significant year-over-year growth in its communication business, a segment that is a key driver of margins. In addition, the company is also witnessing growth within its largest customers.

BMO Capital Raised the Firm's PT on Celestica Inc (CLS), Kept a Buy Rating

A close-up of a circuit board with components depicting the intricate electronic componentry products the company produces.

Celestica Inc. (NYSE:CLS) reported its fiscal second-quarter results for 2025 on July 28, where both revenue and EPS surpassed expectations. The company posted a revenue of $2.89 billion, reflecting 20.97% year-over-year growth and ahead of consensus by $224.6 million. The EPS of $1.39 also exceeded expectations by $0.16. The analyst noted that management has also raised revenue and EPS guidance for 2025, thereby backing his improved price rating.

Celestica Inc. (NYSE:CLS) provides hardware design, manufacturing, and supply chain solutions. It operates through two segments, including Advanced Technology Solutions and Connectivity & Cloud Solutions.

While we acknowledge the potential of CLS to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than CLS and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now.

Disclosure: None. This article is originally published at Insider Monkey.