Stock Track | Celestica Soars 5.20% in After-Hours on AI Switch Launch and Analyst Upgrades

Stock Track04-30

Celestica's stock surged 5.20% in after-hours trading on Wednesday, following a series of positive developments that boosted investor confidence.

The movement comes after Celestica announced that its DS6000-series 1.6TbE switches are now available for order to initial customers. This product launch represents a significant milestone in AI-scale networking infrastructure, providing high-density switching capacity essential for next-generation generative AI and machine learning clusters. The company highlighted that this platform transition from development to ready-to-order status addresses critical bandwidth demands in modern data centers.

Concurrently, multiple analysts issued bullish ratings and raised price targets on Celestica. Firms including UBS, RBC Capital, Citi, CIBC, Canaccord Genuity, and TD Cowen increased their price targets, with several maintaining Buy, Outperform, or equivalent ratings. The consensus among analysts points to Celestica's strong positioning in the growing AI infrastructure market as a key driver for the upgraded outlook.

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