The Globe and Mail reports in its Tuesday, Jan. 27, edition that RBC analyst Paul Treiber anticipates "healthy" fourth quarter 2025 results for Canadian tech firms, but cautions that earnings season may not improve short-term software sentiment. The Globe's David Leeder writes that Mr. Treiber says the market's risk-averse nature means any negative surprises could lead to significant downward revaluation. Mr. Treiber continues to rate Celestica "outperform." Mr. Treiber continues to target the shares at $400 (all figures U.S.). Analyst on average target the share at $370.75. Mr. Treiber says in a note: "We expect Celestica to report Q4 above consensus and may raise FY26 guidance, given strong demand against the company's historically conservative outlook. Peer results (Broadcom, Accton) show continued strong hyperscaler demand. In light of likely upside to consensus estimates and continued robust growth, we anticipate Celestica's valuation to remain above peers and toward the high end of its historical range." The Globe reported on Oct. 23 and Oct. 30 that Mr. Treiber had reiterated his "outperform" ranking for Celestica. It was then worth $282.73 and $340.13.