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A Quick Look at Today's Ratings for SBA Communications Corp(SBAC.US), With a Forecast Between $252 to $261

Futu News ·  Oct 29 21:00  · Ratings

On Oct 29, major Wall Street analysts update their ratings for $SBA Communications Corp (SBAC.US)$, with price targets ranging from $252 to $261.

Morgan Stanley analyst Simon Flannery maintains with a buy rating, and maintains the target price at $252.

BofA Securities analyst David Barden maintains with a buy rating, and maintains the target price at $260.

Barclays analyst Brendan Lynch maintains with a buy rating, and maintains the target price at $256.

TD Cowen analyst Michael Elias maintains with a buy rating, and maintains the target price at $261.

BMO Capital analyst Ari Klein maintains with a buy rating, and adjusts the target price from $245 to $260.

Furthermore, according to the comprehensive report, the opinions of $SBA Communications Corp (SBAC.US)$'s main analysts recently are as follows:

  • Analysts noted that SBA Communications reported mixed results for the third quarter of 2024, made positive adjustments to its 2024 guidance, and increased the forecast for 2024 international net organic revenue growth. Additionally, the company expanded its portfolio by acquiring towers from Millicom for $975 million.

Here are the latest investment ratings and price targets for $SBA Communications Corp (SBAC.US)$ from 5 analysts:

StockTodayLatestRating_nn_205986_20241029_en

Note:

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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.

TipRanks provides a ranking of each analyst up to 5 stars, which is representative of all recommendations from the analyst. An analyst's past performance is evaluated on a scale of 1 to 5 stars, with more stars indicating better performance. The star level is determined by his/her total success rate and average return.

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