Alert: Rating Upgrade (3/18/24)-Sanmina Corp (NASDAQ: SANM).

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Stock Rating Upgrade

In the last week the Value Trend Rating for Sanmina Corp (NASDAQ: SANM) improved from C to B reflecting improving fundamentals and high Appreciation Potential.

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Recent Price Action

Sanmina Corp (NASDAQ: SANM) stock closed at $58.83 on 3/18/24 after a modest decline of -1.3%. NORMAL trading volume accompanied the decline. The stock has declined -9.3% during the last week and has performed in line with the market over the last nine months.

Current PriceTarget Research Rating

SANM is expected to continue to be an important Value Builder reflecting capital returns that are forecasted to exceed the cost of capital.

Sanmina has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing inconsistent signals. Sanmina has a neutral Power Rating of 54 but a good Appreciation Score of 77, leading to the Positive Value Trend Rating.

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