Should I Buy SANM? SANM 2026 Analysis

Should You Buy Sanmina Corp (SANM) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Hold

Latest Price

154.430

1 Day change

1.17%

52 Week Range

185.290

Analysis Updated At

2026/01/26

Sanmina Corp (SANM) is not a strong buy at the moment for a beginner investor with a long-term strategy. While the technical indicators show some bullish momentum, the company's financial performance shows mixed results, with revenue growth but declining net income and EPS. Additionally, analyst ratings remain neutral, and there are no significant trading signals or catalysts to suggest immediate upside potential. Given the investor's preference for long-term growth, it would be prudent to wait for clearer signs of sustained financial improvement or a stronger buy signal.

Technical Analysis

The technical indicators show a bullish trend with MACD above 0, RSI neutral at 68.236, and moving averages in a bullish configuration (SMA_5 > SMA_20 > SMA_200). Key resistance levels are at R1: 182.435 and R2: 191.089, with support at S1: 154.419 and S2: 145.765. However, the stock's short-term trend suggests limited upside potential (0.92% in the next day, 0.47% in the next week, and -2.88% in the next month).

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Technical Summary

Sell

Buy

Positive Catalysts

Sanmina expects Q1 2024 earnings of $2.15 per share and revenue of $3.09 billion, reflecting significant year-over-year growth. The communications end market is coming out of inventory correction, and ZT Systems provides full rack assembly capability.

Neutral/Negative Catalysts

The macroeconomic environment remains uncertain, and Sanmina faces challenges in integrating ZT Systems and ramping with AMD. Additionally, net income and EPS have declined year-over-year, and analyst ratings remain neutral.

Financial Performance

In Q4 2025, revenue increased by 3.91% YoY to $2.096 billion, but net income dropped by 21.69% YoY to $48.066 million, and EPS declined by 19.27% YoY to $0.88. Gross margin improved by 7.42% YoY to 9.12%.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Analysts have raised the price target from $150 to $180 and then to $190, but maintain a Neutral rating. Analysts highlight positives like ZT Systems' capabilities and inventory correction but remain cautious due to macroeconomic uncertainties and integration challenges.

1 Analyst Rating

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 USD with a low forecast of 180 USD and a high forecast of 180 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.

0 Buy

1 Hold

0 Sell

Hold

Current: 152.650

Low

180

Averages

180

High

180

Current: 152.650

Low

180

Averages

180

High

180

Argus

NULL -> Buy

maintain

$170 -> $200

AI Analysis

2026-01-28

New

Reason

Argus

Price Target

$170 -> $200

AI Analysis

2026-01-28

New

maintain

NULL -> Buy

Reason

Argus raised the firm's price target on Sanmina to $200 from $170 and keeps a Buy rating on the shares. The firm cites the company's Q1 earnings beat while also noting its extensive manufacturing presence in the Americas, the analyst tells investors in a research note. Tariffs have not been material to Sanmina, and the company appears well positioned based on its agile manufacturing infrastructure and global footprint, Argus adds.

BofA

Neutral

maintain

$180 -> $190

2026-01-22

Reason

BofA

Price Target

$180 -> $190

2026-01-22

maintain

Neutral

Reason

BofA raised the firm's price target on Sanmina (SANM) to $190 from $180 and keeps a Neutral rating on the shares ahead of Q1 earnings. According to the firm, a key question from clients is how quickly Sanmina/ZT Systems can drive revenues from AMD (AMD) rack builds while revenues from Nvidia (NVDA) racks declines. BofA told investors in a research note that positives, including the communications end market coming out of inventory correction and ZT providing full rack assembly capability, are balanced by uncertain macro and Sanmina's learning curve in integrating ZT and then ramping with AMD.

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SANM Should I Buy

SANM Should I Buy

Should You Buy Sanmina Corp (SANM) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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