Celestica stock price forecast remains bullish for Q2 2024

Celestica stock price forecast remains bullish for Q2 2024, with analysts expecting a move towards the $38–$40 range, supported by robust demand in electronics manufacturing services and steady margin expansion. Institutional buying trends confirm upward momentum. Bloomin' Brands missed our Q2 earnings per share estimate by 11% and provided downbeat guidance once again, with the casual dining industry "softer than anticipated." The causal dining space is suffering as consumer spending slows across the board as they start to wave the white flag amid lingering inflation. Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations. Technical indicators like RSI and MACD for Celestica point to steady accumulation, reinforcing a short-term price forecast target of $