Celestica price target raised to $139 from $91 at Barclays

Barclays raised the firm’s price target on Celestica (CLS) to $139 from $91 and keeps an Overweight rating on the shares following quarterly results. The firm noted that investors are starting to value Celestica on 2026 EPS as ASIC is a medium-term theme and 2026 captures TPUv6 run rate revenue. Barclays added that Meta Platforms (META) aims to launch a new ASIC program which could rival the TPU program in terms of prowess and capability.