Raymond James analyst Ric Prentiss maintains $SBA Communications Corp (SBAC.US)$ with a buy rating, and adjusts the target price from $285 to $300.
According to TipRanks data, the analyst has a success rate of 56.3% and a total average return of 0.6% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SBA Communications Corp (SBAC.US)$'s main analysts recently are as follows:
SBA Communications' Q3 outcomes presented a blend of outcomes, showing a modest FFO per share increase yet not meeting expectations with regards to EBITDA and U.S. organic growth. On a positive note, heightened U.S. carrier activity was reported, which is anticipated to pave the way for a more favorable leasing trajectory throughout 2025.
SBA Communications' recent financial disclosure indicated mixed results for the third quarter of 2024. Subsequent to the report, the company elevated its guidance for the year 2024. Additionally, the company is expanding its international presence with an acquisition of towers from another entity valued at $975 million, signaling a strategic growth move.
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.
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