SBA Communications (SBAC) Stock Forecast & Price Target

$233.51

+0.28 (+0.12%)

(As of 10/11/2024 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 12 Analyst Ratings

Sell
0

Hold
3

Buy
9

Based on 12 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 12 analysts, 3 have given a hold rating, and 9 have given a buy rating for SBAC.

Consensus Price Target

$247.42
5.96% Upside

According to the 12 analysts' twelve-month price targets for SBA Communications, the average price target is $247.42. The highest price target for SBAC is $260.00, while the lowest price target for SBAC is $230.00. The average price target represents a forecasted upside of 5.96% from the current price of $233.51.

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SBAC Analyst Ratings Over Time

Type	Current Forecast 10/14/23 to 10/13/24	1 Month Ago 9/14/23 to 9/13/24	3 Months Ago 7/16/23 to 7/15/24	1 Year Ago 10/14/22 to 10/14/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	9 Buy rating(s)	13 Buy rating(s)
Hold	3 Hold rating(s)	2 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	$247.42	$237.92	$248.31	$292.50
Forecasted Upside	5.96% Upside	-2.07% Downside	18.10% Upside	45.11% 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	2.75	2.48	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	5.96% Upside	12.46% Upside	6.87% 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
10/10/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$236.00 ➝ $256.00	+10.26%
10/10/2024	Wells Fargo & Company 3 of 5 stars	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Equal Weight ➝ Equal Weight	$220.00 ➝ $240.00	+2.28%
9/26/2024	The Goldman Sachs Group 2 of 5 stars	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%
Get the Latest News and Ratings for SBAC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for SBA Communications and its competitors with MarketBeat's FREE daily newsletter.
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%
7/30/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$227.00 ➝ $230.00	+5.72%
7/30/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$253.00 ➝ $251.00	+14.92%
7/30/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$250.00 ➝ $245.00	+12.48%
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%
8/22/2023	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Strong-Buy ➝ Strong-Buy	$297.00 ➝ $285.00	+31.45%
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%
11/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$389.00 ➝ $341.00	+26.34%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 10:23 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 Thursday, October 3, 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.:

SBA Communications Co. stock price has been showing an upward trend, reaching $242.95 on October 3, 2024, indicating potential growth.
Recent insider selling activities by company executives may suggest confidence in the company's future performance.
Positive analyst ratings and price target adjustments from various financial institutions, indicating a favorable outlook for the company.
SBA Communications Co. has a market capitalization of $26.11 billion, reflecting its position as a significant player in the industry.
The company's price-to-earnings ratio of 47.64 and price-to-earnings-growth ratio of 0.74 may indicate a reasonable valuation compared to its growth prospects.

SBA Communications
Bear Case

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

Recent insider selling activities by company executives could raise concerns about the company's future performance or potential challenges ahead.
Analyst downgrades or adjustments in price targets may indicate uncertainties or risks associated with SBA Communications Co.'s business outlook.
The company's beta of 0.67 suggests that the stock may be less volatile than the market average, potentially limiting short-term trading opportunities.
SBA Communications Co.'s 1-year high of $258.76 and 1-year low of $183.64 may indicate historical price volatility that could impact investor sentiment.
Investors should carefully consider the company's 50-day and 200-day simple moving averages to assess short-term and long-term price trends before making investment decisions.

SBAC Forecast - Frequently Asked Questions

: According to the research reports of 12 Wall Street equities research analysts, the average twelve-month stock price forecast for SBA Communications is $247.42, with a high forecast of $260.00 and a low forecast of $230.00.
: 12 Wall Street analysts have issued "buy," "hold," and "sell" ratings for SBA Communications in the last twelve months. There are currently 3 hold ratings and 9 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" SBAC shares.
: According to analysts, SBA Communications's stock has a predicted upside of 5.96% based on their 12-month stock forecasts.
: Over the previous 90 days, SBA Communications's stock had 1 downgrade by analysts.
: SBA Communications has been rated by research analysts at Barclays, BMO Capital Markets, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., KeyCorp, Morgan Stanley, Royal Bank of Canada, 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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This page (NASDAQ:SBAC) was last updated on 10/13/2024 by MarketBeat.com Staff

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