Summary
- Celestica Inc. (CLS) is up more than 234.4% over the past year and 41.7% YTD as a top tech stock and the #1 electronic manufacturing services stock.
- Since exploding in late 2023, Celestica has remained a compelling investment opportunity with strong AI and data center tailwinds, stellar growth, and an attractive valuation.
- CLS was first Quant-Rated a Strong Buy on June 20, 2023, trading at $14.78 per share. Wall Street only just ruled it a Strong Buy earlier this month; over a.
- The SA Quant Team reiterates its Strong Buy rating on CLS, based on its consistent performance, strong financials, solid valuation, and huge growth potential.
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- I am Steven Cress, Head of Quantitative Strategies at Seeking Alpha. I manage the quant ratings and factor grades on stocks and ETFs in Seeking Alpha Premium. I also lead Alpha Picks, which selects the two most attractive stocks to buy each month, and also determines when to sell them.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it. I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given that any particular security, portfolio, transaction or investment strategy is suitable for any specific person. The author is not advising you personally concerning the nature, potential, value or suitability of any particular security or other matter. You alone are solely responsible for determining whether any investment, security or strategy, or any product or service, is appropriate or suitable for you based on your investment objectives and personal and financial situation. Steven Cress is the Head of Quantitative Strategy at Seeking Alpha. Any views or opinions expressed herein may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank.