SBA Communications (SBAC) Stock Forecast & Price Target

$225.98 +5.32 (+2.41%)

(As of 11/25/2024 ET)

SBA Communications - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
3

Buy
10

Based on 13 Wall Street analysts who have issued ratings for SBA Communications in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 3 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for SBAC.

Consensus Price Target

$257.23
13.83% Upside

According to the 13 analysts' twelve-month price targets for SBA Communications, the average price target is $257.23. The highest price target for SBAC is $300.00, while the lowest price target for SBAC is $240.00. The average price target represents a forecasted upside of 13.83% from the current price of $225.98.

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SBAC Analyst Ratings Over Time

Type	Current Forecast 11/27/23 to 11/26/24	1 Month Ago 10/28/23 to 10/27/24	3 Months Ago 8/29/23 to 8/28/24	1 Year Ago 11/27/22 to 11/27/23
Strong Buy	1 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	12 Buy rating(s)
Hold	3 Hold rating(s)	3 Hold rating(s)	2 Hold rating(s)	3 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$257.23	$251.58	$237.92	$279.12
Forecasted Upside	13.83% Upside	4.05% Upside	4.50% Upside	17.53% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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SBAC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

SBAC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

SBA Communications Stock vs. The Competition

Type	SBA Communications	Finance Companies	S&P 500
Consensus Rating Score	2.85	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	13.83% Upside	8.98% Upside	6.38% Upside
News Sentiment Rating	Positive News See Recent SBAC News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/29/2024	TD Cowen 4 of 5 stars		Boost Target	Buy ➝ Buy	$251.00 ➝ $261.00	+12.31%
10/29/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$255.00 ➝ $260.00	+11.93%
10/29/2024	Raymond James 4 of 5 stars		Boost Target	Strong-Buy ➝ Strong-Buy	$285.00 ➝ $300.00	+26.01%
10/14/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $280.00	+19.91%
10/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$236.00 ➝ $256.00	+10.26%
10/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$220.00 ➝ $240.00	+2.28%
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9/26/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Neutral ➝ Neutral	$212.00 ➝ $240.00	+1.70%
9/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$228.00 ➝ $250.00	+3.95%
9/18/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$232.00 ➝ $252.00	+3.82%
8/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$230.00 ➝ $240.00	+10.72%
8/5/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$235.00 ➝ $245.00	+6.96%
4/30/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$290.00 ➝ $260.00	+34.51%
3/7/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Neutral ➝ Buy	$260.00	+19.83%
8/1/2023	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$335.00 ➝ $315.00	+43.87%
3/30/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$330.00 ➝ $312.00	+22.75%
2/22/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$341.00 ➝ $328.00	+20.24%
2/22/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$346.00 ➝ $330.00	+20.97%
1/24/2023	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Underperform ➝ Peer Perform
1/13/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$400.00 ➝ $350.00	+14.21%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Tuesday at 02:40 AM ET.

Should I Buy SBA Communications Stock? SBAC Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 25, 2024. Please send any questions or comments about these SBA Communications pros and cons to contact@marketbeat.com.

SBA Communications
Bull Case

Here are some ways that investors could benefit from investing in SBA Communications Co.:

The company recently declared a quarterly dividend of $0.98, which translates to an annualized dividend of $3.92 and a yield of 1.78%. This consistent dividend payment can provide a steady income stream for investors.
SBA Communications Co. has received multiple upgrades from analysts, with target prices reaching as high as $280.00. This indicates strong market confidence and potential for stock price appreciation.
The stock is currently trading at $220.66, which is below its 12-month high of $258.76. This could present a buying opportunity for investors looking for growth potential as the stock may rebound towards its previous highs.
Analysts project a strong earnings per share (EPS) of 12.56 for the current year, suggesting robust profitability and growth prospects for the company.
With a market capitalization of $23.73 billion and a relatively low beta of 0.68, SBA Communications Co. is considered less volatile compared to the broader market, making it a potentially safer investment.

SBA Communications
Bear Case

Investors should be bearish about investing in SBA Communications Co. for these reasons:

The company's revenue for the latest quarter was $667.60 million, slightly below analyst estimates of $669.29 million, indicating potential challenges in meeting growth expectations.
Revenue decreased by 2.2% compared to the same quarter last year, which may raise concerns about the company's ability to maintain growth in a competitive market.
Insider selling has been observed, with an executive vice president selling 1,500 shares, which could signal a lack of confidence in the company's short-term performance.
Despite positive analyst ratings, the stock has a consensus rating of "Moderate Buy," which may suggest that not all analysts are fully confident in the stock's upside potential.
Hedge funds and institutional investors own a significant 97.35% of the company's stock, which could lead to volatility if large investors decide to sell their positions.

SBAC Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for SBA Communications is $257.23, with a high forecast of $300.00 and a low forecast of $240.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 3 hold ratings, 9 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" SBAC shares.
: According to analysts, SBA Communications's stock has a predicted upside of 13.83% based on their 12-month stock forecasts.
: SBA Communications has been rated by research analysts at Barclays, BMO Capital Markets, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Raymond James, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
: Analysts like SBA Communications more than other "finance" companies. The consensus rating for SBA Communications is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how SBAC compares to other companies.

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Amazon is making its biggest investment ever… $150 billion to be exact. And one company stands to benefit from this massive capital influx. This company could deliver a huge windfall for investors who get in before this story hits the mainstream, which could happen at any time.

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This page (NASDAQ:SBAC) was last updated on 11/26/2024 by MarketBeat.com Staff

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SBA Communications (SBAC) Stock Forecast & Price Target