SBA Communications stock rating reiterated at Outperform by RBC Capital

Investing.com - RBC Capital has reiterated its Outperform rating and $235.00 price target on SBA Communications (NASDAQ:SBAC), a leading owner and operator of wireless communications infrastructure. Currently trading near its 52-week low with a market capitalization of $20.65 billion, InvestingPro analysis indicates the stock is fairly valued based on its proprietary Fair Value model.

The reaffirmation comes from RBC Capital analyst Jonathan Atkin, who maintained his positive outlook on the wireless tower company’s prospects.

SBA Communications owns and operates wireless infrastructure including towers, rooftops, and other structures used by wireless service providers to deploy their networks.

The company generates revenue primarily through long-term lease agreements with major telecommunications carriers who place their equipment on SBA’s infrastructure.

The $235.00 price target suggests potential upside from the stock’s current trading levels, reflecting RBC Capital’s confidence in SBA Communications’ business model and growth trajectory. For deeper insights into SBAC’s valuation and growth prospects, including additional ProTips and comprehensive financial analysis, visit InvestingPro.

In other recent news, SBA Communications reported its second-quarter 2025 earnings, revealing a slight miss on earnings per share (EPS) but a notable beat on revenue. The company posted an EPS of $2.09, just below the forecasted $2.11, while revenue reached $698.98 million, surpassing the expected $670.33 million. Following these results, JPMorgan raised its price target for SBA Communications to $245 from $240, maintaining a Neutral rating, despite new leasing revenue falling short of estimates. Additionally, KeyBanc increased its price target significantly to $325 from $280, keeping an Overweight rating, suggesting potential upside for the company. JMP Securities also raised its price target to $280 from $270, maintaining a Market Outperform rating, based on an increased AFFO multiple for 2026. SBA Communications continues to project its 2025 domestic new lease and amendment revenue guidance at $35-39 million, while JPMorgan adjusted its expectations to $36 million. These developments reflect a mixed but generally positive outlook for SBA Communications amid industry challenges.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.