
SBA Communications (SBAC) Stock Forecast & Price Target
SBA Communications (SBAC) Analyst Ratings
Bulls say
SBA Communications boasts a robust portfolio of approximately 45,000 wireless towers, primarily concentrated in the U.S., which generates about 75% of its leasing revenue from the top mobile carriers. The company's real estate investment trust (REIT) structure, combined with a healthy balance sheet and improved cash flow trajectory, positions it well for the future, particularly as anticipated market dynamics begin to stabilize in late 2025 and early 2026. Furthermore, with the stock currently trading at around 17 times the estimated 2026 adjusted funds from operations (AFFO), the valuation remains compelling, suggesting an attractive investment opportunity.
Bears say
SBA Communications faces significant challenges due to a concentrated customer base that relies heavily on a few major mobile carriers, which contributes to revenue vulnerability amidst industry consolidation. Recent headwinds such as elevated interest rates, the conclusion of aggressive 5G deployments, and the merger of T-Mobile USA and Sprint exacerbate uncertainties in revenue predictability. Additionally, factors like reduced interest in allocating new frequencies for mobile sites, increased satellite broadband coverage, and a slowdown in mobile broadband adoption further indicate a potential deceleration in growth for the company.
This aggregate rating is based on analysts' research of SBA Communications and is not a guaranteed prediction by Public.com or investment advice.
SBA Communications (SBAC) Analyst Forecast & Price Prediction
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