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SBA Communications Corp has a consensus price target of $294.32 based on the ratings of 27 analysts. The high is $408 issued by Credit Suisse on August 2, 2022. The low is $240 issued by Wells Fargo on October 10, 2024. The 3 most-recent analyst ratings were released by TD Cowen, BMO Capital, and Raymond James on October 29, 2024, respectively. With an average price target of $273.67 between TD Cowen, BMO Capital, and Raymond James, there's an implied 24.02% upside for SBA Communications Corp from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for SBA Comms (NASDAQ:SBAC) was reported by TD Cowen on October 29, 2024. The analyst firm set a price target for $261.00 expecting SBAC to rise to within 12 months (a possible 18.28% upside). 31 analyst firms have reported ratings in the last year.
The latest analyst rating for SBA Comms (NASDAQ:SBAC) was provided by TD Cowen, and SBA Comms maintained their buy rating.
The last upgrade for SBA Communications Corp happened on March 7, 2024 when B of A Securities raised their price target to $260. B of A Securities previously had a neutral for SBA Communications Corp.
The last downgrade for SBA Communications Corp happened on July 15, 2024 when Wells Fargo changed their price target from $230 to $220 for SBA Communications Corp.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of SBA Comms, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for SBA Comms was filed on October 29, 2024 so you should expect the next rating to be made available sometime around October 29, 2025.
While ratings are subjective and will change, the latest SBA Comms (SBAC) rating was a maintained with a price target of $251.00 to $261.00. The current price SBA Comms (SBAC) is trading at is $220.66, which is out of the analyst’s predicted range.
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