SBA Communications (SBAC) Stock Forecast, Price Target & Predictions
SBAC Stock Forecast
SBA Communications stock forecast is as follows: an average price target of $308.94 (represents a 40.79% upside from SBAC’s last price of $219.43) and a rating consensus of 'Buy', based on 16 wall street analysts offering a 1-year stock forecast.
SBAC Price Target
The average price target for SBA Communications (SBAC) is $308.94 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $425.00 to $220.00. This represents a potential 40.79% upside from SBAC's last price of $219.43.
SBAC Analyst Ratings
According to 16 Wall Street analysts, SBA Communications's rating consensus is 'Buy'. The analyst rating breakdown for SBAC stock is 1 'Strong Buy' (6.25%), 11 'Buy' (68.75%), 4 'Hold' (25.00%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).
SBA Communications Price Target by Analyst
| Date | Analyst | Company | Price Target | Price when Published | Price Target/Price when Published | Price Target/Last Closing Price |
|---|---|---|---|---|---|---|
| Oct 29, 2024 | Gregory Williams | Williams Trading | $261.00 | $239.94 | 8.78% | 18.94% |
| Oct 29, 2024 | Jonathan Petersen | Jefferies | $225.00 | $239.94 | -6.23% | 2.54% |
| Oct 14, 2024 | Brandon Nispel | KeyBanc | $280.00 | $236.38 | 18.45% | 27.60% |
| Aug 14, 2024 | Matt Niknam | Deutsche Bank | $240.00 | $217.07 | 10.56% | 9.37% |
| Jul 30, 2024 | Ari Klein | BMO Capital | $245.00 | $217.94 | 12.42% | 11.65% |
| Jul 15, 2024 | Eric Luebchow | Wells Fargo | $220.00 | $212.83 | 3.37% | 0.26% |
| May 09, 2024 | Jonathan Atkin | RBC Capital | $235.00 | $197.22 | 19.16% | 7.10% |
| May 02, 2024 | Matthew Niknam | Deutsche Bank | $230.00 | $189.12 | 21.62% | 4.82% |
| Apr 30, 2024 | Brandon Nispel | KeyBanc | $227.00 | $201.89 | 12.44% | 3.45% |
| Apr 30, 2024 | Eric Luebchow | Wells Fargo | $230.00 | $201.89 | 13.92% | 4.82% |
The latest SBA Communications stock forecast, released on Oct 29, 2024 by Gregory Williams from Williams Trading, set a price target of $261.00, which represents a 8.78% increase from the stock price at the time of the forecast ($239.94), and a 18.94% increase from SBAC last price ($219.43).
SBA Communications Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 3 | 12 |
| Avg Price Target | $243.00 | $255.33 | $242.50 |
| Last Closing Price | $219.43 | $219.43 | $219.43 |
| Upside/Downside | 10.74% | 16.36% | 10.51% |
In the current month, the average price target of SBA Communications stock is $243.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a 10.74% increase as opposed to SBA Communications's last price of $219.43. This month's average price target is down -4.83% compared to last quarter, and up 0.21% compared to last year.
Analyst Ratings Upgrades/Downgrades
| Date | Company | Previous Rating | New Rating | Rating Change |
|---|---|---|---|---|
| Oct 29, 2024 | BMO Capital | Outperform | Outperform | Hold |
| Oct 29, 2024 | Raymond James | Strong Buy | Strong Buy | Hold |
| Oct 29, 2024 | Cowen & Co. | Buy | Buy | Hold |
| Oct 29, 2024 | Jefferies | Hold | Hold | Hold |
| Oct 14, 2024 | KeyBanc | Overweight | Overweight | Hold |
| Oct 10, 2024 | Barclays | Equal-Weight | Equal-Weight | Hold |
| Oct 10, 2024 | Wells Fargo | Equal-Weight | Equal-Weight | Hold |
| Sep 18, 2024 | Morgan Stanley | Overweight | Overweight | Hold |
| Aug 14, 2024 | Deutsche Bank | Buy | Buy | Hold |
| Aug 05, 2024 | RBC Capital | Outperform | Outperform | Hold |
SBA Communications's last stock rating was published by BMO Capital on Oct 29, 2024. The company gave SBAC a "Outperform" rating, the same as its previous rate.
SBA Communications Financial Forecast
SBA Communications Revenue Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | - | - | - | - | - | - | - | - | - | - | - | - | - | $682.54M | $678.50M | $675.52M | $686.09M | $675.58M | $652.01M | $619.77M | $595.26M | $589.30M | $575.53M | $548.74M | $535.91M | $522.94M | $507.23M | $517.07M | $513.66M | $507.55M |
| Avg Forecast | $728.90M | $720.75M | $706.36M | $702.96M | $708.78M | $692.15M | $671.47M | $671.90M | $683.38M | $669.30M | $665.21M | $671.08M | $682.11M | $679.82M | $676.87M | $675.43M | $679.80M | $650.20M | $626.21M | $603.50M | $591.24M | $576.36M | $558.98M | $540.95M | $529.84M | $518.44M | $499.97M | $511.07M | $506.56M | $497.55M |
| High Forecast | $737.71M | $729.46M | $714.89M | $711.45M | $717.34M | $700.51M | $679.58M | $676.06M | $688.39M | $669.65M | $665.21M | $671.08M | $692.70M | $679.82M | $685.04M | $683.59M | $688.01M | $650.20M | $626.21M | $603.50M | $591.24M | $576.36M | $558.98M | $540.95M | $529.84M | $518.44M | $499.97M | $511.07M | $506.56M | $497.55M |
| Low Forecast | $719.37M | $711.32M | $697.12M | $693.76M | $699.51M | $683.10M | $662.69M | $666.09M | $671.68M | $668.95M | $665.21M | $671.08M | $676.02M | $679.82M | $668.01M | $666.60M | $670.90M | $650.20M | $626.21M | $603.50M | $591.24M | $576.36M | $558.98M | $540.95M | $529.84M | $518.44M | $499.97M | $511.07M | $506.56M | $497.55M |
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 1.00% | 1.00% | 1.00% | 1.01% | 1.04% | 1.04% | 1.03% | 1.01% | 1.02% | 1.03% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.01% | 1.02% |
SBA Communications's average Quarter revenue forecast for Dec 23 based on 10 analysts is $682.11M, with a low forecast of $676.02M, and a high forecast of $692.70M. SBAC's average Quarter revenue forecast represents a -0.06% decrease compared to the company's last Quarter revenue of $682.54M (Sep 23).
SBA Communications EBITDA Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| EBITDA | - | - | - | - | - | - | - | - | - | - | - | - | - | $419.79M | $501.24M | $474.39M | $449.71M | $390.33M | $353.17M | $510.50M | $312.98M | $308.90M | $477.74M | $253.11M | $418.86M | $291.54M | $299.38M | $87.24M | $362.23M | $290.89M |
| Avg Forecast | $477.09M | $471.76M | $462.34M | $460.11M | $463.93M | $453.04M | $439.50M | $439.78M | $447.30M | $438.08M | $435.40M | $443.17M | $446.47M | $444.97M | $443.04M | $350.33M | $469.01M | $412.81M | $397.58M | $276.94M | $375.38M | $365.93M | $354.90M | $529.30M | $336.40M | $329.16M | $317.43M | $380.80M | $321.62M | $315.89M |
| High Forecast | $482.86M | $477.46M | $467.92M | $465.67M | $469.53M | $458.51M | $444.81M | $442.51M | $450.58M | $438.31M | $435.40M | $531.80M | $453.40M | $444.97M | $448.39M | $420.40M | $562.81M | $412.81M | $397.58M | $332.33M | $375.38M | $365.93M | $354.90M | $635.16M | $336.40M | $329.16M | $317.43M | $456.96M | $321.62M | $315.89M |
| Low Forecast | $470.85M | $465.59M | $456.29M | $454.09M | $457.85M | $447.11M | $433.75M | $435.98M | $439.64M | $437.85M | $435.40M | $354.53M | $442.48M | $444.97M | $437.24M | $280.26M | $375.21M | $412.81M | $397.58M | $221.55M | $375.38M | $365.93M | $354.90M | $423.44M | $336.40M | $329.16M | $317.43M | $304.64M | $321.62M | $315.89M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.94% | 1.13% | 1.35% | 0.96% | 0.95% | 0.89% | 1.84% | 0.83% | 0.84% | 1.35% | 0.48% | 1.25% | 0.89% | 0.94% | 0.23% | 1.13% | 0.92% |
10 analysts predict SBAC's average Quarter EBITDA for Dec 23 to be $446.47M, with a high of $453.40M and a low of $442.48M. This is 6.35% upper than SBA Communications's previous annual EBITDA (Sep 23) of $419.79M.
SBA Communications Net Income Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| Net Income | - | - | - | - | - | - | - | - | - | - | - | - | - | $87.42M | $203.65M | $101.22M | $103.28M | $100.01M | $69.52M | $188.62M | $48.90M | $47.80M | $152.67M | $-11.74M | $105.78M | $22.57M | $22.81M | $-127.06M | $67.35M | $21.68M |
| Avg Forecast | $193.18M | $251.46M | $229.87M | $165.12M | $231.96M | $247.18M | $234.88M | $235.59M | $227.22M | $244.08M | $231.98M | $168.12M | $148.03M | $126.12M | $131.11M | $132.90M | $73.28M | $102.18M | $97.16M | $105.06M | $73.52M | $87.01M | $73.52M | $-24.56M | $56.26M | $37.33M | $30.57M | $-554.61M | $42.49M | $37.52M |
| High Forecast | $196.21M | $255.41M | $233.48M | $167.71M | $235.60M | $251.06M | $238.57M | $240.00M | $231.27M | $245.40M | $232.01M | $201.75M | $149.81M | $127.65M | $132.32M | $159.49M | $87.94M | $102.18M | $97.16M | $126.08M | $73.52M | $87.01M | $73.52M | $-19.65M | $56.26M | $37.33M | $30.57M | $-443.69M | $42.49M | $37.52M |
| Low Forecast | $189.89M | $247.18M | $225.96M | $162.31M | $228.01M | $242.98M | $230.89M | $228.99M | $222.50M | $242.75M | $231.96M | $134.50M | $146.24M | $124.59M | $129.89M | $106.32M | $58.63M | $102.18M | $97.16M | $84.05M | $73.52M | $87.01M | $73.52M | $-29.47M | $56.26M | $37.33M | $30.57M | $-665.53M | $42.49M | $37.52M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 1.55% | 0.76% | 1.41% | 0.98% | 0.72% | 1.80% | 0.67% | 0.55% | 2.08% | 0.48% | 1.88% | 0.60% | 0.75% | 0.23% | 1.59% | 0.58% |
SBA Communications's average Quarter net income forecast for Dec 23 is $148.03M, with a range of $146.24M to $149.81M. SBAC's average Quarter net income forecast represents a 69.33% increase compared to the company's last Quarter net income of $87.42M (Sep 23).
SBA Communications SG&A Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| SG&A | - | - | - | - | - | - | - | - | - | - | - | - | - | $64.82M | $63.38M | $72.21M | $70.61M | $65.84M | $63.27M | $62.12M | $63.48M | $51.00M | $53.95M | $235.90M | $227.97M | $228.64M | $227.79M | $232.20M | $223.45M | $217.26M |
| Avg Forecast | $70.33M | $69.55M | $68.16M | $67.83M | $68.39M | $66.79M | $64.79M | $64.83M | $65.94M | $64.58M | $64.19M | $55.37M | $65.82M | $65.60M | $65.31M | $43.77M | $95.13M | $62.74M | $60.42M | $34.60M | $57.05M | $55.61M | $53.94M | $493.31M | $51.13M | $50.03M | $48.24M | $49.31M | $48.88M | $48.01M |
| High Forecast | $71.18M | $70.39M | $68.98M | $68.65M | $69.22M | $67.59M | $65.57M | $65.23M | $66.42M | $64.62M | $64.19M | $66.45M | $66.84M | $65.60M | $66.10M | $52.53M | $114.16M | $62.74M | $60.42M | $41.52M | $57.05M | $55.61M | $53.94M | $591.98M | $51.13M | $50.03M | $48.24M | $49.31M | $48.88M | $48.01M |
| Low Forecast | $69.41M | $68.64M | $67.27M | $66.94M | $67.50M | $65.91M | $63.94M | $64.27M | $64.81M | $64.55M | $64.19M | $44.30M | $65.23M | $65.60M | $64.46M | $35.02M | $76.11M | $62.74M | $60.42M | $27.68M | $57.05M | $55.61M | $53.94M | $394.65M | $51.13M | $50.03M | $48.24M | $49.31M | $48.88M | $48.01M |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.99% | 0.97% | 1.65% | 0.74% | 1.05% | 1.05% | 1.80% | 1.11% | 0.92% | 1.00% | 0.48% | 4.46% | 4.57% | 4.72% | 4.71% | 4.57% | 4.53% |
SBA Communications's average Quarter SG&A projection for Dec 23 is $65.82M, based on 10 Wall Street analysts, with a range of $65.23M to $66.84M. The forecast indicates a 1.54% rise compared to SBAC last annual SG&A of $64.82M (Sep 23).
SBA Communications EPS Forecast
| Dec 26 | Sep 26 | Jun 26 | Mar 26 | Dec 25 | Sep 25 | Jun 25 | Mar 25 | Dec 24 | Sep 24 | Jun 24 | Mar 24 | Dec 23 | Sep 23 | Jun 23 | Mar 23 | Dec 22 | Sep 22 | Jun 22 | Mar 22 | Dec 21 | Sep 21 | Jun 21 | Mar 21 | Dec 20 | Sep 20 | Jun 20 | Mar 20 | Dec 19 | Sep 19 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| # Analysts | 4 | 4 | 4 | 4 | 3 | 3 | 3 | 5 | 9 | 4 | 9 | 9 | 10 | 9 | 9 | 9 | 8 | 8 | 8 | 8 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 9 | 13 | 13 |
| EPS | - | - | - | - | - | - | - | - | - | - | - | - | - | $0.81 | $1.88 | $0.94 | $0.96 | $0.93 | $0.64 | $1.75 | $0.45 | $0.44 | $1.40 | $-0.11 | $0.96 | $0.20 | $0.20 | $-1.14 | $0.60 | $0.19 |
| Avg Forecast | $1.79 | $2.33 | $2.13 | $1.53 | $2.15 | $2.29 | $2.18 | $2.18 | $2.11 | $2.26 | $2.15 | $1.17 | $1.37 | $1.17 | $1.21 | $1.21 | $1.11 | $0.95 | $0.90 | $1.00 | $0.68 | $0.81 | $0.68 | $0.15 | $0.52 | $0.35 | $0.28 | $0.40 | $0.39 | $0.35 |
| High Forecast | $1.82 | $2.37 | $2.16 | $1.55 | $2.18 | $2.33 | $2.21 | $2.22 | $2.14 | $2.27 | $2.15 | $1.17 | $1.39 | $1.18 | $1.23 | $1.23 | $1.12 | $0.95 | $0.90 | $1.00 | $0.68 | $0.81 | $0.68 | $0.15 | $0.52 | $0.35 | $0.28 | $0.40 | $0.39 | $0.35 |
| Low Forecast | $1.76 | $2.29 | $2.09 | $1.50 | $2.11 | $2.25 | $2.14 | $2.12 | $2.06 | $2.25 | $2.15 | $1.17 | $1.36 | $1.15 | $1.20 | $1.19 | $1.09 | $0.95 | $0.90 | $1.00 | $0.68 | $0.81 | $0.68 | $0.15 | $0.52 | $0.35 | $0.28 | $0.40 | $0.39 | $0.35 |
| Surprise % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.69% | 1.55% | 0.77% | 0.87% | 0.98% | 0.71% | 1.76% | 0.66% | 0.54% | 2.05% | -0.73% | 1.84% | 0.58% | 0.70% | -2.82% | 1.52% | 0.55% |
According to 10 Wall Street analysts, SBA Communications's projected average Quarter EPS for Dec 23 is $1.37, with a low estimate of $1.36 and a high estimate of $1.39. This represents a 69.33% increase compared to SBAC previous annual EPS of $0.81 (Sep 23).
SBA Communications Peer Comparison by Price Target
| Ticker | Company | Last Closing Price | Avg Price Target | Upside/Downside | Avg Rating |
|---|---|---|---|---|---|
| HASI | Hannon Armstrong Sustainable Infrastructure Capital | $28.59 | $41.43 | 44.91% | Buy |
| SBAC | SBA Communications | $219.43 | $308.94 | 40.79% | Buy |
| CCI | Crown Castle | $104.50 | $136.30 | 30.43% | Hold |
| AMT | American Tower | $202.81 | $252.33 | 24.42% | Buy |
| EQIX | Equinix | $923.60 | $882.60 | -4.44% | Buy |
| IRM | Iron Mountain | $118.73 | $112.00 | -5.67% | Buy |
| DLR | Digital Realty Trust | $187.37 | $159.30 | -14.98% | Buy |