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Celestica Inc. (NYSE:CLS) is one of the best strong buy growth stocks to buy right now. Rothschild & Co Redburn initiated coverage of Celestica Inc. (NYSE:CLS) with a Buy rating on May 1, setting a price target of $460. The firm told investors in a research note that the monetization of generative AI capex would require more intelligent large language models, and that the transmission of electrical signals down copper wires will increasingly give way to the transmission of photonic signals down optical fibers.
Rothschild & Co Redburn further stated that it believes that although the transition represents a new addressable market for optical networking companies, it is significant to remember that some of the opportunity has already been discounted by the market. The firm launched coverage of six names in the AI networking space with four Buys and two Neutrals.
Celestica Inc. (NYSE:CLS) also received a rating update from CIBC on April 29. The firm lifted the price target on the stock to $480 from $425 and maintained an Outperform rating on the shares, stating that it views the selloff as a buy-the-dip setup.
Celestica Inc. (NYSE:CLS) provides supply chain solutions to equipment manufacturers and service providers across the globe. The company’s operations are divided into the Advanced Technology Solutions (ATS) and Connectivity and Cloud Solutions (CCS) segments.
While we acknowledge the potential of CLS as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
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