Celestica (CLS) is moving higher in Monday trading as bullish sell-side commentary continues to build around the company’s role in AI data-center infrastructure. The most recent catalyst in the news cycle is Susquehanna’s April 1 initiation of coverage with a Positive rating and a $375 price target, which has helped reinforce a “buy-the-dip” narrative after recent volatility.

Celestica has been increasingly viewed as an AI infrastructure beneficiary through its exposure to hyperscaler and data-center hardware programs, including high-speed networking and platform-related work. That positioning has also been reinforced by the March 16 announcement that AMD and Celestica are collaborating on AMD’s “Helios” rack-scale AI platform, with Celestica taking responsibility for R&D, design, and manufacturing of scale-up networking switches within the architecture and targeting customer availability in late 2026.

With the stock already pricing in significant growth expectations, the next key swing factor will be near-term execution and forward commentary—particularly any incremental signals on hyperscaler demand, AI networking ramps, and margin trajectory. Investors will also watch for additional analyst rating/target changes and any program-win headlines that further validate the AI-driven growth outlook.