2024-03-19 02:14:09 ET
Summary
- CLS looks like the ultimate AI pick at a reasonable price, unlike many other stocks in this space that have gone up too much recently. Read on.
- The company's strong financial performance includes increased revenue, improved operating profit margins, and successful Q4 results.
- Celestica's balance sheet is healthy, with decreasing debt ratios, and the company has a track record of shareholder returns through buybacks.
- I believe the CLS stock should trade 40% higher than today by the end of 2025, assuming the potential for revenue growth from the hyperscaler market continues and historically high margins are maintained.
- I'm therefore issuing a buy recommendation today.
My Thesis
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For further details see:
Celestica Stock May Be The Ultimate GARP Stock To Buy Today