19 Trending AI Stocks on Latest Analyst Ratings and News

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13. Celestica Inc. (NYSE:CLS)

Number of Hedge Fund Holders: 38 

Celestica Inc. (NYSE:CLS) offers a range of product manufacturing and related supply chain services. Stifel recently upgraded the company to Buy from Hold. In an investor note, the analysts from the advisory noted that the firm could achieve the FY25 EPS estimate of $4 despite an expected decline in server sales due to a technology transition at a top customer. The analysts added that the expected decline would be more than offset by growth in the communications segment of the firm, with the expected 800-G switch investment cycle. In the note, Stifel underlined that the selloff concerns were primarily due to worries of slowing AI investments from hyperscale customers after the earnings reports of key suppliers.

Celestica Inc. (NYSE:CLS) is attracting bull calls from other analysts on Wall Street. Canaccord analyst Robert Young recently raised the price target on the stock to $70 from $53 and kept a Buy rating, noting that the company reported another strong quarter with Q2 results ahead of consensus on all metrics. The analyst added that in addition to a strong Q3 outlook, guidance for the next fiscal year was raised across the board.

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