On September 8, Celestica rose 5.06% in regular trading, trading at $328.645/share, with turnover of approximately $315 million. The rally was primarily driven by UBS upgrading the stock from Neutral to Buy, with a price target raised to C$591.92.

According to the upgrade, UBS analysts project Celestica's earnings per share to rise from $10.83 to $24.72, implying a two-year compound annual growth rate of approximately 50%. The bullish outlook is underpinned by the company's robust second-quarter results, in which revenue surged 62% year-over-year to $4.7 billion and adjusted EPS of $2.54 beat the consensus estimate of $2.27 by nearly 12%. Management subsequently raised full-year revenue guidance to $20.5 billion, well above prior market expectations, citing strong customer demand, improved component supply, and accelerating AI infrastructure spending.

Management also indicated that revenue growth is expected to further accelerate into fiscal year 2027, supported by new program wins and sustained demand for AI-related hardware platforms.

Within the Electronic Manufacturing Services sector, the broader group traded higher. Among peers, TTM Technologies rose 5.37%, Fabrinet gained 4.26%, Flex Ltd advanced 3.05%, TE Connectivity added 0.44%, and Jabil Circuit edged up 0.28%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)