Core Insights - Celestica Inc. (NYSE:CLS) is gaining attention as an AI stock, with BMO Capital raising its price target from $300 to $370 while maintaining an Outperform rating following a Q3 earnings beat [1][4] - The company is experiencing stronger than expected demand from three large hyperscaler customers as it heads into FY2026, supported by a growing pipeline of opportunities [1][2][4] - BMO Capital believes that the stock has potential for better-than-expected performance due to strong AI capital expenditure (capex) spending anticipated to continue beyond FY2027 [3][4] Company Performance - Celestica's Q3 earnings exceeded expectations, prompting BMO Capital to raise its estimates for the company [4] - The firm is benefiting from strong end-market demand, competitive advantages, and favorable technology trends that enhance its market position [2][4] Market Outlook - The outlook for AI-related investments remains positive, with Celestica positioned to capitalize on ongoing trends in AI capex spending [3][4] - The company offers a range of product manufacturing and supply chain services, which are increasingly relevant in the current market landscape [4]