Argus Raises PT on Sanmina (SANM) Stock

Sanmina Corporation (NASDAQ:SANM) is one of the High-Flying Stocks to Buy Right Now. On January 27, Argus lifted its price objective on the company’s stock to $200 from $170, while keeping a “Buy” rating, as reported by The Fly. As per the analyst, the firm appreciated Sanmina Corporation (NASDAQ:SANM)’s Q1 2026 earnings beat. Also, it noted the company’s strong manufacturing presence in the Americas.

Argus Raises PT on Sanmina (SANM) Stock

The firm further added that tariffs have not significantly impacted the company. Considering the agile manufacturing infrastructure as well as global footprint, it remains well-placed.

In a separate release, on January 26, Sanmina Corporation (NASDAQ:SANM) released its Q1 2026 results, with revenues coming at $3.19 billion and GAAP diluted EPS at $0.89, amidst strong Communications Networks and Cloud & AI Infrastructure end-markets. This was aided by demand for AI-driven hardware. For Q2 2026, Sanmina Corporation (NASDAQ:SANM) expects revenue of between $3.1 billion – $3.4 billion and non-GAAP diluted EPS of $2.25 – $2.55.

Sanmina Corporation (NASDAQ:SANM) is an integrated manufacturing solutions provider. Notably, it caters to the growing segments of global Electronics Manufacturing Services (EMS) market.

While we acknowledge the potential of SANM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SANM and that has 100x upside potential, check out our report about this cheapest AI stock.

READ NEXT: 13 Cheap AI Stocks to Buy According to Analysts and 11 Unstoppable Growth Stocks to Invest in Now

Disclosure: None. This article is originally published at Insider Monkey.