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.

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