Celestica: 20%+ Annualized Returns Hidden In This 'Boring' Stock

Celestica Inc. is positioned to benefit from sustained AI hardware demand, driving robust top-line and margin expansion. CLS's Hardware Platform Solutions segment, fueled by hyperscaler demand and the 1.6T Ethernet upgrade, supports elevated growth visibility through 2026 and beyond. Despite trading at 43x earnings, CLS appears dramatically undervalued long-term given projected >20% annualized returns through 2029–2030.