Market Overview

Could Market Overreaction Grant Investors A Nice Entry Point In Sanmina?

Could Market Overreaction Grant Investors A Nice Entry Point In Sanmina?

Argus provided its outlook on Sanmina Corp (NASDAQ: SANM) in its Wednesday Market Digest.

According to the analysts, investors overreacted to 4Q guidance and erased half the year-to-date gains. "Investors appear to fear a more extended period of soft demand trends ahead. In our view, Sanmina remains a well-run company with attractive market opportunities and solid customer relationships," said Argus, noting that they see the pullback on "guidance panic" as an opportunity to catch up with a fast-rising company that was taken down a peg but still has plenty of upside.

Related Link: Craig Hallum Downgrades Sanmina To Hold

According to the analysts, the company continues to generate cash and lower debt, while returning value to shareholders via stock buybacks. They believe Sanmina has significant untapped earnings power, and reiterating their Buy rating on the company with a 12-month target price of $33.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

Latest Ratings for SANM

Jul 2020CitigroupMaintainsNeutral
Apr 2020CitigroupMaintainsNeutral
Apr 2020CFRAMaintainsHold

View More Analyst Ratings for SANM
View the Latest Analyst Ratings


Related Articles (SANM)

View Comments and Join the Discussion!

Posted-In: ArgusAnalyst Color Long Ideas Reiteration Analyst Ratings Trading Ideas

Latest Ratings

PLTHCanaccord GenuityMaintains6.0
VLDRCraig-HallumInitiates Coverage On23.0
MFACNorthland Capital MarketsInitiates Coverage On15.0
CEREJefferiesInitiates Coverage On18.0
GIIIUBSInitiates Coverage On22.0
View the Latest Analytics Ratings
Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at