Celestica Inc. (CLS) stock declined 0.1% according to the provided information. The primary news development involves Pomerantz LLP investigating claims on behalf of investors regarding potential securities fraud or unlawful business practices by Celestica and certain officers or directors. This investigation was prompted by a January 22, 2026 Digitimes report indicating that Alphabet Inc.'s Google may be shifting assembly work for tensor processing units to other suppliers, potentially reducing Celestica's role in assembling Google's AI servers. On January 22, 2026, Celestica's stock fell $18.83 per share, or 6.08%, closing at $290.92. Additionally, multiple analysts have issued various rating changes and price target adjustments for the stock between late December 2025 and mid-February 2026, with ratings ranging from hold to strong-buy.
Read full analysisCelestica Inc. (CLS) stock declined 0.1% according to the provided information. The primary news development involves Pomerantz LLP investigating claims on behalf of investors regarding potential securities fraud or unlawful business practices by Celestica and certain officers or directors. This investigation was prompted by a January 22, 2026 Digitimes report indicating that Alphabet Inc.'s Google may be shifting assembly work for tensor processing units to other suppliers, potentially reducing Celestica's role in assembling Google's AI servers. On January 22, 2026, Celestica's stock fell $18.83 per share, or 6.08%, closing at $290.92. Additionally, multiple analysts have issued various rating changes and price target adjustments for the stock between late December 2025 and mid-February 2026, with ratings ranging from hold to strong-buy.
Celestica is a Canadian electronics manufacturing services company that designs and builds hardware for data centers, telecommunications, and aerospace clients. With Q4 2025 revenues up 44% year-over-year to $3.65 billion and full-year 2026 guidance raised to $17 billion, the company has become a prominent AI infrastructure play attracting bullish coverage from Barclays ($391 target), Wolfe Research, and TD Cowen. The stock is settling into a quieter trading pattern after weeks of extreme post-earnings volatility.