Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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31. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 44

Argus analyst Jim Kelleher recently lowered the price target on Celestica Inc. (NYSE:CLS) to $120 from $150 but kept a Buy rating on the shares after its Q1 earnings and revenue beat. CLS offers a range of product manufacturing and related supply chain services. In an investor note, the analyst noted that the company was benefiting from a portfolio diversification strategy focusing on high-growth, high-margin businesses as well as from trends in artificial intelligence and machine learning. Argus added that while shares had weakened on rotation away from companies who were participating in the generative AI revolution, the company’s demand fundamentals appeared intact and margins were expanding.

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