Stock Rating Upgrade
The Value Trend Rating for Sanmina Corp (NASDAQ: SANM) improved in the last week from C to B reflecting improving fundamentals and high Appreciation Potential. Details supporting this higher rating are included in our next report.
Recent Price Action
On 11/10/23, Sanmina Corp (NASDAQ: SANM) stock enjoyed a large increase of 2.2%, closing at $47.72. The stock has performed in line with the market over the last nine months and has declined -8.5% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to be above the cost of capital, SANM is expected to continue to be an important Value Builder.
Sanmina has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. The Value Trend Rating reflects inconsistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Sanmina has a good Appreciation Score of 75 but a neutral Power Rating of 50, with the Positive Value Trend Rating the result.
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