Barclays analyst Brendan Lynch raised the firm’s price target on SBA Communications (SBAC) to $247 from $244 and keeps an Overweight rating on the shares. The company reported “mixed” Q1 results as revenue and EBITDA missed consensus expectations but adjusted funds from operations beat, the analyst tells investors in a research note. The firm says SBA raised its 2025 outlook and management commentary reflects modestly improving growth dynamics.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on SBAC:
- Hold Rating for SBA Communications Amid Strong Start and Modest Growth Outlook
- SBA Communications: Buy Rating Affirmed Amid Positive Growth Outlook and Raised Revenue Forecasts
- SBA Communications reports Q1 AFFO $3.18, consensus $3.12
- SBA Communications sees FY25 AFFO $12.53-$12.90, consensus $12.67
- Sba Communications (SBAC) Q1 Earnings Cheat Sheet