
SBA Communications (SBAC) Stock Forecast & Price Target
SBA Communications (SBAC) Analyst Ratings
Bulls say
SBA Communications operates nearly 40,000 cell towers across multiple continents, with a significant portion of its revenue—approximately 70%—generated from over 17,000 towers located in the United States. The company's leasing activity accelerated in the fourth quarter of 2024, reaching the highest level for the year, and is expected to drive growth slightly above consensus expectations due to potential increased activity from national carriers and the rollout of new technologies supporting mobile 5G. Additionally, with a projected pivot towards amendment activity contributing to growth in 2025, SBA Communications is positioned to sustain mid-single-digit organic revenue growth, bolstered by strong demand from key players in the telecommunications sector.
Bears say
SBA Communications faces several significant challenges that contribute to a negative outlook on its stock. The company's revenue is heavily reliant on a concentrated customer base, with most revenue generated by a few mobile carriers, which raises concerns about potential revenue volatility due to carrier consolidation or lease non-renewals. Additionally, the strength of the U.S. dollar is expected to create material headwinds for SBA's international operations and overall growth, further compounding risks in an environment of slowing site leasing revenues and potential higher churn rates.
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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