Bullish Case: SANM's recent production initiation of Nokia products marks a strategic expansion capable of boosting revenue. Low P/B ratio indicates undervaluation with potential for a re-rating closer to industry standards, providing a bullish runway for price appreciation.


Bearish Case: On-going insider selling and flat recent price action suggest weak internal confidence. Combined with potential macroeconomic headwinds affecting the tech sector, SANM faces real downside risks that could depress stock prices.


Potential Outcomes:

1. Positive market response to Nokia production ramp-up (35%).

2. Downward pressure continues from insider selling (40%).

3. Volatility spikes due to uncertain economic conditions, affecting tech sector broadly (25%).


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April 25, 2024


Sanmina Forecast

SANM        Sanmina
Price Forecast: NEUTRAL    Price Action: RANDOM (?)











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