Seeking Alpha upgraded Celestica to Hold following a stock decline that normalized its valuation.
The company exceeded second-quarter revenue and EPS expectations while raising its full-year guidance. Strategic partnerships with OpenAI and Broadcom represent multi-billion dollar opportunities by 2027.
Celestica launched a $3 billion equity offering to fund AI infrastructure and data center networking investments. This capital raise resulted in 9% shareholder dilution.
Institutional investors including BlackRock Inc. and Caisse de dépôt et placement du Québec recently disclosed significant new stakes in the company.