RBC Capital Maintains 'Outperform' Rating on Celestica Inc. (CLS) Following Strong Q2 Results

Celestica Inc. (NYSE:CLS) is included in our list of the 10 Unstoppable Canadian Stocks to Buy Now.

RBC Capital raised its price target on Celestica Inc. (NYSE:CLS) from $185 to $225 on July 30, 2025, maintaining an ‘Outperform’ rating. This price revision follows the company’s strongest Q2 results in more than two years, according to the investment firm.

Celestica Inc. (NYSE:CLS)’s Q2 results were largely driven by robust demand from hyperscalers. Furthermore, the investment firm sees the company’s guidance as conservative, indicating further upside potential. RBC Capital believes that Celestica’s valuation premium should remain, driven by its strong growth momentum and an improving revenue mix, enhancing its competitive edge in supply chain and technology solutions.

Celestica Inc. (NYSE:CLS) serves advanced technology, connectivity, and cloud infrastructure markets by providing global supply chain solutions, offering design, engineering, manufacturing, and after-market services. It is one of the unstoppable stocks.

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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