1002 ET - While Celestica is entering into 2026 with a solid business and management team, TD Cowen's John Shao says investor sentiment is likely closely linked to broader artificial intelligence volatility. In a report, the analyst says that in an ideal scenario, its execution and continuously improving financials should drive the stock's consistent appreciation. "Realistically though, we believe Celestica trade is intricately tied to the broader AI trade which exhibits increasing volatility and fragility," he says. The analyst maintains a hold rating on the stock based on the associated risk, but says the situation remains "highly fluid" and that the rating could change if investor sentiment improves or if volatility drags more on the price of the stock. (adriano.marchese@wsj.com)

(END) Dow Jones Newswires

January 21, 2026 10:02 ET (15:02 GMT)

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