Sanmina Corp’s Stock Surpasses Analyst Target: What’s Next?
Shares of Sanmina Corp (Symbol: SANM) have recently surged past the average analyst target of $85.25, currently trading at $87.38 per share. This milestone raises questions about how analysts will respond—will they downplay the valuation or lift their target prices? Their reactions will likely depend on the recent business performance that propelled the stock upward.
Within the Zacks coverage universe, there are four different analyst targets contributing to the average for Sanmina Corp. These targets vary significantly; one analyst predicts a price of $69.00, while another sets a target as high as $92.00. Notably, the standard deviation of these estimates stands at $10.874, indicating a range of opinions among analysts.
Examining the average SANM price target provides insight into collective market sentiment. The current trading price exceeding this average suggests to investors that they should assess whether $85.25 is a mere stepping stone to higher valuations or if it’s time to reconsider their investment strategy. Below is a summary of recent analyst ratings for Sanmina Corp:
| Recent SANM Analyst Ratings Breakdown | ||||
|---|---|---|---|---|
| » | Current | 1 Month Ago | 2 Month Ago | 3 Month Ago |
| Strong buy ratings: | 0 | 0 | 0 | 0 |
| Buy ratings: | 0 | 0 | 0 | 0 |
| Hold ratings: | 3 | 1 | 1 | 1 |
| Sell ratings: | 0 | 1 | 1 | 1 |
| Strong sell ratings: | 0 | 0 | 0 | 0 |
| Average rating: | 3.0 | 3.5 | 3.5 | 3.5 |
The average rating reflects a scale from 1 (Strong Buy) to 5 (Strong Sell). This information has been sourced from Zacks Investment Research via Quandl.com. Access the latest Zacks research report on SANM—FREE.
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The views and opinions expressed herein are solely those of the author and do not necessarily reflect those of Nasdaq, Inc.
