Salesforce Secures $5.6B Contract, Stock Rises
Written by Emily J. Thompson, Senior Investment Analyst
Updated: 1h ago
0mins
Source: seekingalpha
- Salesforce Contract Win: Salesforce's Computable Insights unit secured a $5.6 billion, 10-year IDIQ contract to modernize U.S. military operations with cloud tools, AI, and data analytics, with completion expected by June 2035, positioning the company as a key tech partner for the Department of Defense.
- Zoom's Investment Potential: Zoom Communications shares rose 1% after Baird highlighted its $51 million stake in Anthropic as a “hidden gem” that could add significant value amid accelerating AI adoption, with analyst William Power reiterating an Outperform rating and a $95 price target.
- Health Insurers Decline: Shares of Humana, UnitedHealth, and CVS Health fell 12%, 8%, and 8%, respectively, following the Trump administration's proposal for nearly flat 2027 Medicare Advantage reimbursement rates, which disappointed investors as the expected increase was only 0.09% compared to the anticipated 4%-6%.
- Sanmina's Earnings Warning: Sanmina's stock dropped 8% after it issued quarterly sales guidance that fell short of Wall Street expectations, projecting Q2 revenue of $3.1 billion to $3.4 billion, below the $3.51 billion consensus, despite strong EPS guidance, as the CEO emphasized growth in AI-driven hardware demand.
Analyst Views on SANM
Wall Street analysts forecast SANM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for SANM is 180.00 USD with a low forecast of 180.00 USD and a high forecast of 180.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
1 Analyst Rating
0 Buy
1 Hold
0 Sell
Hold
Current: 177.830
Low
180.00
Averages
180.00
High
180.00
Current: 177.830
Low
180.00
Averages
180.00
High
180.00
About SANM
Sanmina Corporation is a global provider of integrated manufacturing solutions, components, products and repair, logistics and after-market services. It provides end-to-end manufacturing solutions, delivering support to original equipment manufacturers in the industrial, medical, defense and aerospace, automotive, communications networks and cloud infrastructure markets. Its operations are managed in two businesses: Integrated Manufacturing Solutions (IMS) and Components, Products and Services (CPS). IMS segment consists of printed circuit board assembly and test, high-level assembly and test and direct-order-fulfillment. CPS includes advanced printed circuit boards, backplanes and backplane assemblies, cable assemblies, fabricated metal parts, precision machined parts and plastic injected molded parts. Its products include optical, radio frequency and microelectronic design and manufacturing services, multi-chip package memory solutions, high-performance storage platforms and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
