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Sanmina (SANM) Stock Forecast & Price Target

-1.10 (-1.54%)
(As of 05:18 PM ET)

Sanmina - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 3 Wall Street analysts who have issued ratings for Sanmina in the last 12 months, the stock has a consensus rating of "Hold." Out of the 3 analysts, 1 has given a sell rating, 1 has given a hold rating, and 1 has given a buy rating for SANM.

Consensus Price Target

-11.63% Downside
High Forecast$80.00
Average Forecast$62.33
Low Forecast$45.00

According to the 3 analysts' twelve-month price targets for Sanmina, the average price target is $62.33. The highest price target for SANM is $80.00, while the lowest price target for SANM is $45.00. The average price target represents a forecasted downside of -11.63% from the current price of $70.54.

TypeCurrent Forecast
7/20/23 to 7/19/24
1 Month Ago
6/20/23 to 6/19/24
3 Months Ago
4/21/23 to 4/20/24
1 Year Ago
7/20/22 to 7/20/23
Consensus Rating
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
1 Buy rating(s)
2 Buy rating(s)
1 Hold rating(s)
1 Hold rating(s)
0 Hold rating(s)
0 Hold rating(s)
1 Sell rating(s)
1 Sell rating(s)
1 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$62.33$62.33$62.50$73.00
Forecasted Upside-11.63% Downside2.71% Upside5.88% Upside23.54% Upside
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SANM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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SANM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Sanmina Stock vs. The Competition

TypeSanminaComputer and Technology CompaniesS&P 500
Consensus Rating Score
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-12.99% Downside109.97% Upside9.15% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
4/30/2024Craig Hallum
4 of 5 stars
 Reiterated RatingBuy ➝ Hold$62.00-3.12%
3/6/2024Fox Advisors
0 of 5 stars
 Initiated CoverageOverweight$80.00+22.98%
12/15/2023Bank of America
4 of 5 stars
 Reiterated RatingUnderperform$45.00-15.11%
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 Boost Target$65.00-1.40%
Subscribe to MarketBeat All Access for the recommendation accuracy rating
 UpgradeNeutral ➝ Buy$78.00+32.27%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 05:45 PM ET.

SANM Forecast - Frequently Asked Questions

What is Sanmina's forecast for 2024?

According to the research reports of 3 Wall Street equities research analysts, the average twelve-month stock price forecast for Sanmina is $62.33, with a high forecast of $80.00 and a low forecast of $45.00.

Should I buy or sell Sanmina stock right now?

3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Sanmina in the last twelve months. There is currently 1 sell rating, 1 hold rating and 1 buy rating for the stock. The consensus among Wall Street research analysts is that investors should "hold" SANM shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in SANM, but not buy additional shares or sell existing shares.

Does Sanmina's stock price have much upside?

According to analysts, Sanmina's stock has a predicted upside of 2.71% based on their 12-month stock forecasts.

What analysts cover Sanmina?

Sanmina has been rated by research analysts at Craig Hallum in the past 90 days.

Do Wall Street analysts like Sanmina more than its competitors?

Analysts like Sanmina less than other "computer and technology" companies. The consensus rating for Sanmina is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how SANM compares to other companies.

This page (NASDAQ:SANM) was last updated on 7/19/2024 by Staff

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