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SBA Communications (SBAC) Gets a Buy from RBC Capital

Tipranks - Tipranks - Fri Apr 3, 9:06PM CDT

RBC Capital analyst Jonathan Atkin maintained a Buy rating on SBA Communications on April 1 and set a price target of $215.00. The company’s shares closed yesterday at $171.56.

End of Quarter Sale - 50% Off TipRanks

Atkin covers the Real Estate sector, focusing on stocks such as American Tower, Crown Castle, and SBA Communications. According to TipRanks, Atkin has an average return of 9.7% and a 64.95% success rate on recommended stocks.

In addition to RBC Capital, SBA Communications also received a Buy from TipRanks – DeepSeek’s DeepSeek REIT – Specialty in a report issued yesterday. However, on the same day, TipRanks – Google reiterated a Hold rating on SBA Communications (NASDAQ: SBAC).

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Based on SBA Communications’ latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $719.58 million and a net profit of $370.29 million. In comparison, last year the company earned a revenue of $693.7 million and had a net profit of $173.63 million

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