Goldman Sachs Boosts Celestica (CLS) PT to $440, Maintains Buy, Cites Position to Benefit from AI Infrastructure

Celestica Inc. (NYSE:CLS) is one of the best NYSE stocks to buy and hold for the next decade. On October 29, Goldman Sachs analyst Michael Ng raised the firm’s price target on Celestica to $440 from $340 and kept a Buy rating on the shares. The firm has increased confidence in its Buy rating for the company after attending Celestica’s 2025 Lunch Forum. The firm noted that Celestica is positioned to benefit from the key AI infrastructure investment themes leading into 2026 and beyond.

On the same day, TD Securities also raised the firm’s price target on the company to $305 from $238 with a Hold rating on the shares following the company’s Q3 2025 report. The firm stated it found little to fault in the quarter for the company and believes that Celestica’s guidance suggests its strong momentum will continue into 2026.

Goldman Sachs Boosts Celestica (CLS) PT to $440, Maintains Buy, Cites Position to Benefit from AI Infrastructure

Additionally, Tim Long from Barclays maintained a Buy rating on Celestica a day prior on October 28, with a price target of $220.00.

Celestica Inc. (NYSE:CLS), together with its subsidiaries, provides supply chain solutions in Asia, North America, and internationally. It has two segments: 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.

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