Celestica Inc (NYSE:CLS) is one of the best NYSE stocks to buy for the long term. Celestica Inc (NYSE:CLS) reported its Q4 2025 earnings on January 28. Revenue soared 44% YoY to $3.65 billion, as adjusted EPS jumped to $1.89 from $1.11 in the prior year.
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On the back of the strong finish to 2025, Celestica raised its outlook for 2026. It now expects 2026 revenue of $17 billion, which is a $1 billion boost to the previous revenue guidance of $16 billion. Celestica CEO and President, Rob Mionis, pointed to strengthening demand for AI-related data center technologies for the company’s more optimistic outlook.
“We are continuing to align with our largest customers on their multi-year capacity roadmaps in support of their long-term AI infrastructure investments,” the Celestica CEO said.
On the same day Celestica released its Q4 earnings, BofA Securities initiated coverage of CLS stock with a Buy rating and a $400 price target.
According to the firm, Celestica’s white-box switches business stands to benefit from AI-driven data center upgrades. In this regard, BofA Securities strategists cite Celestica’s tradition as a first-mover in budding markets. Additionally, the firm sees strong growth for Celestica in the custom ASIC accelerated servers market.
Based in Toronto, Canada, Celestica Inc (NYSE:CLS) supplies critical components and systems used in data centers and other computing infrastructure. It’s been in business since 1994, and its operations span 50 sites spread across 15 countries.
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.
