Barclays Raises the Price Target for Celestica – Optimism About the 800G Switch Cycle. The Upside Potential is Around 20%.

Celestica (CLS) is a global leader in design, manufacturing, and supply chain solutions for innovative companies. The business model is based on the development and production of electronics as well as the provision of end-to-end supply chain services. Hyperscaler customers continue to be the main drivers of growth, particularly in the area of network switches and AI/ML compute. The order situation remains robust, and the company is continuing to gain market share among hyperscalers. The Hardware Platform Solutions (HPS) generated revenue of over...