Reported 3 days ago
Aletheia Capital has initiated coverage of Celestica Inc. (NYSE:CLS) with a Buy rating and a price target of $350. The firm highlighted Celestica's strategic role in manufacturing for Google and plans to support OpenAI's ASIC-based AI server. They predict significant revenue growth in the coming years fueled by ongoing partnerships and infrastructure upgrades, despite acknowledging that other AI stocks may present better investment opportunities.
Source: YAHOO