Analyst Alexander Waters of Bank of America Securities reiterated a Buy rating on SBA Communications (SBAC – Research Report), with a price target of $260.00.
Alexander Waters’s rating is based on several positive indicators for SBA Communications. The company’s first-quarter results for 2025 demonstrated resilience with a strong backlog and no significant impact from tariffs. Additionally, the authorization of a $1.5 billion share repurchase plan reflects confidence in the company’s financial health.
Moreover, the projected revenue from domestic site leasing remains consistent, with expectations of acceleration in the latter half of 2025 and into 2026. The services business is experiencing robust customer demand, contributing to an increase in guidance metrics for 2025. International operations are performing as expected, with the Millicom acquisition progressing ahead of schedule. These factors, combined with the company’s capacity for capital returns and strategic acquisitions, support the Buy rating.
In another report released today, Barclays also maintained a Buy rating on the stock with a $247.00 price target.
Based on the recent corporate insider activity of 44 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of SBAC in relation to earlier this year.