Celestica upgraded to ‘Buy’ by UBS on AI infrastructure growth

UBS has upgraded the Canadian electronics services provider Celestica from ‘Neutral’ to ‘Buy’, setting a new price target of $430.00. The bank cites significant growth potential in AI infrastructure through 2028, which could drive an average annual earnings per share growth of 50 percent.

This positive outlook follows upward revisions to Celestica’s financial guidance. The company recently raised its 2026 revenue forecast to approximately $20.5 billion, up from a previous estimate of $19.0 billion, and increased its adjusted earnings per share guidance from $10.15 to roughly $11.30.

Institutional interest is also increasing. CIBC World Markets reported acquiring 2.08 million shares in the second quarter, representing a 1.81 percent stake. Other investors, including Korea Investment CORP and the NewGen Equity Long Short Fund, have also established new positions.