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SBA Communications (SBAC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

SBAC Stock Forecast

SBA Communications stock forecast is as follows: an average price target of $245.17 (represents a 20.44% upside from SBAC’s last price of $203.57) 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 $245.17 based on 1-year price targets from 16 Wall Street analysts in the past 3 months, with a price target range of $280.00 to $220.00. This represents a potential 20.44% upside from SBAC's last price of $203.57.

SBAC Analyst Ratings

Buy

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

DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Oct 29, 2024Gregory WilliamsWilliams Trading$261.00$239.948.78%28.21%
Oct 29, 2024Jonathan PetersenJefferies$225.00$239.94-6.23%10.53%
Oct 14, 2024Brandon NispelKeyBanc$280.00$236.3818.45%37.54%
Aug 14, 2024Matt NiknamDeutsche Bank$240.00$217.0710.56%17.90%
Jul 30, 2024Ari KleinBMO Capital$245.00$217.9412.42%20.35%
Jul 15, 2024Eric LuebchowWells Fargo$220.00$212.833.37%8.07%
May 09, 2024Jonathan AtkinRBC Capital$235.00$197.2219.16%15.44%
May 02, 2024Matthew NiknamDeutsche Bank$230.00$189.1221.62%12.98%
Apr 30, 2024Brandon NispelKeyBanc$227.00$201.8912.44%11.51%
Apr 30, 2024Eric LuebchowWells Fargo$230.00$201.8913.92%12.98%
Apr 17, 2024Brendan LynchBarclays$255.00$195.0630.73%25.26%
Apr 08, 2024Nick Del DeoMoffettNathanson$262.00$213.4022.77%28.70%
Jul 13, 2023Ari KleinLoop Capital Markets$260.00$241.837.51%27.72%
Jan 13, 2023Truist Financial$350.00$305.7814.46%71.93%
Jan 12, 2023Barclays$336.00$304.8210.23%65.05%
Nov 23, 2022Raymond James$334.00$296.4912.65%64.07%
Nov 14, 2022Barclays$341.00$297.9814.44%67.51%
Sep 16, 2022Morgan Stanley$366.00$311.2317.60%79.79%
Aug 26, 2022Barclays$380.00$338.9512.11%86.67%
Aug 08, 2022RBC Capital$390.00$347.6412.19%91.58%
Aug 02, 2022UBS$410.00$340.7020.34%101.40%
Aug 02, 2022Credit Suisse$408.00$332.8522.58%100.42%
Jul 20, 2022Morgan Stanley$361.00$319.5312.98%77.33%
Jul 19, 2022Wells Fargo$355.00$313.5113.23%74.39%
Jul 12, 2022Goldman Sachs$381.00$323.4717.79%87.16%
Jul 05, 2022Jonathan PetersenJefferies$347.00$330.465.01%70.46%
Jun 19, 2022Simon FlanneryMorgan Stanley$389.00$292.0433.20%91.09%
Apr 26, 2022Barclays$385.00$365.505.34%89.12%
Apr 26, 2022Credit Suisse$405.00$369.969.47%98.95%
Apr 26, 2022Raymond James$410.00$371.8910.25%101.40%
Apr 19, 2022Barclays$378.00$360.914.74%85.69%
Mar 03, 2022Matthew NiknamDeutsche Bank$365.00$326.0311.95%79.30%
Jan 03, 2022David BardenBank of America Securities$425.00$379.0412.13%108.77%
Nov 02, 2021Batya LeviUBS$400.00$356.9612.06%96.49%
Aug 19, 2021Michael RollinsCitigroup$404.00$357.8812.89%98.46%
Aug 03, 2021Gregory P MillerTruist Financial$400.00$344.1216.24%96.49%

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 28.21% increase from SBAC last price ($203.57).

SBA Communications Price Target by Period

1M3M12M
# Anlaysts-312
Avg Price Target-$255.33$242.50
Last Closing Price$203.57$203.57$203.57
Upside/Downside-100.00%25.43%19.12%

In the current month, the average price target of SBA Communications stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to SBA Communications's last price of $203.57. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

DateCompanyPrevious RatingNew RatingRating Change
Oct 29, 2024BMO CapitalOutperformOutperformHold
Oct 29, 2024Raymond JamesStrong BuyStrong BuyHold
Oct 29, 2024Cowen & Co.BuyBuyHold
Oct 29, 2024JefferiesHoldHoldHold
Oct 14, 2024KeyBancOverweightOverweightHold
Oct 10, 2024BarclaysEqual-WeightEqual-WeightHold
Oct 10, 2024Wells FargoEqual-WeightEqual-WeightHold
Sep 18, 2024Morgan StanleyOverweightOverweightHold
Aug 14, 2024Deutsche BankBuyBuyHold
Aug 05, 2024RBC CapitalOutperformOutperformHold
Jul 30, 2024Cowen & Co.BuyBuyHold
Jul 30, 2024BMO CapitalOutperformOutperformHold
Jul 30, 2024KeyBancOverweightOverweightHold
Jul 15, 2024Wells FargoOverweightEqual-WeightDowngrade
Jul 01, 2024Goldman SachsBuyNeutralInitialise
May 09, 2024RBC CapitalOutperformOutperformHold
May 02, 2024Deutsche BankBuyBuyHold
Apr 30, 2024Cowen & Co.BuyBuyHold
Apr 30, 2024KeyBancOverweightOverweightHold
Apr 30, 2024Wells FargoOverweightOverweightHold
Apr 17, 2024BarclaysOverweightOverweightHold
Apr 08, 2024MoffettNathansonBuyBuyHold
Mar 07, 2024Bank of America SecuritiesBuyUpgrade
Dec 15, 2023BMO CapitalPerformOutperformUpgrade
Aug 22, 2023Raymond JamesStrong BuyStrong BuyHold
Jul 13, 2023BMO CapitalPerformInitialise
Mar 30, 2023William BlairOutperformInitialise
Mar 30, 2023MoffettNathansonOutperformUpgrade
Jan 12, 2023BarclaysOverweightOverweightHold
Nov 23, 2022Raymond JamesStrong BuyStrong BuyHold
Sep 16, 2022Morgan StanleyOverweightOverweightHold
Aug 26, 2022BarclaysOverweightOverweightHold
Aug 08, 2022RBC CapitalOutperformOutperformHold
Aug 02, 2022UBSBuyBuyHold
Aug 02, 2022Credit SuisseOutperformOutperformHold
Jul 20, 2022Morgan StanleyOverweightOverweightHold
Jul 19, 2022Wells FargoOverweightOverweightHold
Jul 12, 2022Goldman SachsBuyBuyHold
Jun 30, 2022JefferiesHoldHoldHold
Jun 07, 2022Morgan StanleyOverweightOverweightHold
May 02, 2022RBC CapitalOutperformOutperformHold
Apr 28, 2022Cowen & Co.OutperformOutperformHold
Apr 26, 2022BarclaysOverweightOverweightHold
Apr 26, 2022Credit SuisseOutperformOutperformHold
Apr 26, 2022Raymond JamesStrong BuyStrong BuyHold
Apr 26, 2022JefferiesHoldDowngrade
Mar 03, 2022Deutsche BankBuyBuyHold

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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 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$691.79M$671.31M$671.90M$683.31M$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$738.54M$730.28M$715.70M$712.25M$718.15M$700.93M$680.18M$676.06M$688.32M$669.65M$665.21M$671.08M$692.70M$679.82M$685.82M$684.36M$688.78M$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$720.38M$712.33M$698.10M$694.74M$700.50M$683.70M$663.46M$666.09M$671.61M$668.95M$665.21M$671.08M$676.02M$679.82M$668.96M$667.54M$671.85M$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
# Analysts444433359499109998888999999991313
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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433359499109998888999999991313
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$452.80M$439.40M$439.78M$447.25M$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$483.40M$478.00M$468.45M$466.20M$470.06M$458.79M$445.20M$442.51M$450.53M$438.31M$435.40M$531.80M$453.40M$444.97M$448.89M$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$471.52M$466.25M$456.94M$454.73M$458.50M$447.51M$434.26M$435.98M$439.60M$437.85M$435.40M$354.53M$442.48M$444.97M$437.86M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433359499109998888999999991313
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$246.94M$234.76M$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$196.50M$255.78M$233.82M$167.96M$235.95M$251.19M$238.80M$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$190.24M$247.64M$226.38M$162.61M$228.44M$243.19M$231.20M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433359499109998888999999991313
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$66.75M$64.78M$64.83M$65.93M$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$71.26M$70.47M$69.06M$68.73M$69.30M$67.63M$65.63M$65.23M$66.42M$64.62M$64.19M$66.45M$66.84M$65.60M$66.18M$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$69.51M$68.73M$67.36M$67.04M$67.59M$65.97M$64.02M$64.27M$64.81M$64.55M$64.19M$44.30M$65.23M$65.60M$64.55M$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 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts444433359499109998888999999991313
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$2.17$1.56$2.19$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$2.10$1.51$2.12$2.25$2.14$2.12$2.06$2.25$2.15$1.17$1.36$1.15$1.20$1.20$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

TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
HASIHannon Armstrong Sustainable Infrastructure Capital$27.90$41.4348.49%Buy
CCICrown Castle$94.88$118.6025.00%Hold
AMTAmerican Tower$193.26$238.5023.41%Buy
IRMIron Mountain$110.09$134.5022.17%Buy
SBACSBA Communications$208.99$245.1717.31%Buy
EQIXEquinix$960.84$969.600.91%Buy
DLRDigital Realty Trust$185.00$168.25-9.05%Buy

SBAC Forecast FAQ

Is SBA Communications a good buy?

Yes, according to 16 Wall Street analysts, SBA Communications (SBAC) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 75.00% of SBAC's total ratings.

What is SBAC's price target?

SBA Communications (SBAC) average price target is $245.17 with a range of $220 to $280, implying a 20.44% from its last price of $203.57. The data is based on 16 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will SBA Communications stock go up soon?

According to Wall Street analysts' prediction for SBAC stock, the company can go up by 20.44% (from the last price of $203.57 to the average price target of $245.17), up by 37.54% based on the highest stock price target, and up by 8.07% based on the lowest stock price target.

Can SBA Communications stock reach $300?

SBAC's average twelve months analyst stock price target of $245.17 does not support the claim that SBA Communications can reach $300 in the near future.

What are SBA Communications's analysts' financial forecasts?

SBA Communications's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $2.74B (high $2.78B, low $2.71B), average EBITDA is $1.8B (high $1.82B, low $1.78B), average net income is $949.26M (high $965.93M, low $931.81M), average SG&A $264.75M (high $267.8M, low $261.85M), and average EPS is $8.8 (high $8.95, low $8.63). SBAC's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $2.86B (high $2.9B, low $2.83B), average EBITDA is $1.87B (high $1.9B, low $1.85B), average net income is $839.63M (high $854.06M, low $826.87M), average SG&A $275.87M (high $279.51M, low $272.64M), and average EPS is $7.78 (high $7.91, low $7.66).

Did the SBAC's actual financial results beat the analysts' financial forecasts?

Based on SBA Communications's last annual report (Dec 2023), the company's revenue was $2.71B, which missed the average analysts forecast of $2.71B by -0.10%. Apple's EBITDA was $864.44M, missing the average prediction of $1.68B by -48.69%. The company's net income was $599.59M, beating the average estimation of $538.16M by 11.41%. Apple's SG&A was $267.94M, beating the average forecast of $240.5M by 11.41%. Lastly, the company's EPS was $5.51, beating the average prediction of $4.97 by 10.89%. In terms of the last quarterly report (Sep 2023), SBA Communications's revenue was $682.54M, beating the average analysts' forecast of $679.82M by 0.40%. The company's EBITDA was $419.79M, missing the average prediction of $444.97M by -5.66%. SBA Communications's net income was $87.42M, missing the average estimation of $126.12M by -30.69%. The company's SG&A was $64.82M, missing the average forecast of $65.6M by -1.18%. Lastly, the company's EPS was $0.81, missing the average prediction of $1.17 by -30.69%