Key Takeaways:
- SBA Communications Corporation (SBAC, Financial) has revised its full-year outlook upward, driven by strong domestic leasing performance.
- A new $1.5 billion share repurchase plan indicates confidence in future growth.
- Analysts' target prices suggest potential upside from the current share price.
SBA Communications Corporation (SBAC) has announced an impressive first quarter for 2025, characterized by stellar domestic leasing outcomes and an enhanced full-year projection. Reflecting its confidence in ongoing growth, the company has approved a significant $1.5 billion share repurchase initiative, resulting in the acquisition of 583,000 shares. Key performance indicators, including Revenue and EBITDA, have been adjusted upwards due to substantial backlog growth.
Wall Street Analysts Forecast
According to the price targets provided by 16 analysts over the next year, SBA Communications Corp (SBAC, Financial) has an average target price of $249.25. This estimation spans a high of $280.00 and a low of $222.00, translating to a potential upside of 11.63% from the current trading price of $223.28. Investors can access more comprehensive estimate data on the SBA Communications Corp (SBAC) Forecast page.
Furthermore, the consensus recommendation among 19 brokerage firms places SBA Communications Corp's (SBAC, Financial) current rating at 2.2, categorizing the stock as "Outperform." This rating is based on a scale from 1, indicating a Strong Buy, to 5, representing a Sell.
From GuruFocus' analytical perspective, the estimated GF Value for SBA Communications Corp (SBAC, Financial) one year from now stands at $247.50. This suggests a potential upside of 10.85% relative to its present price of $223.28. The GF Value measures what the stock should ideally trade at, calculated using its historical trading multiples, past business growth, and projected future performance. For further detailed data, refer to the SBA Communications Corp (SBAC) Summary page.
