The Globe and Mail reports in its Tuesday, April 23, edition that RBC Dominion Securities analyst Paul Treiber has reaffirmed his "outperform" recommendation for Celestica. The Globe's David Leeder writes that Mr. Treiber gave his share target a $9 boost to $47 (all figures U.S.). Analysts on average target the shares at $43.88. Mr. Treiber expects few surprises from first quarter earnings season in Canada's technology sector, predicting most companies will match the Street's expectations. Mr. Treiber says in a note: "Celestica may deliver another beat and raise on hyperscaler data centre build out. We believe Celestica is likely to report solid Q1 results, as hyperscalers continue to rapidly build out data centres to address strong AI demand. Since hyperscalers account for 35 per cent of Celestica's revenue, hyperscaler strength, in our view, is likely to offset the slowdown in electrical vehicles (EVs), which represents less than 10 per cent of Celestica's revenue. Similar to last year, we believe that Celestica is likely to raise FY24 guidance." The Globe reported on Feb. 1 that RBC Dominion Securities analyst Maxim Matushansky had reaffirmed his "outperform" recommendation for Celestica. It was then worth $36.12.