Barclays Sticks to Its Buy Rating for SBA Communications (SBAC)
Barclays analyst Brendan Lynch maintained a Buy rating on SBA Communications today and set a price target of $245.00.
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According to TipRanks, Lynch is an analyst with an average return of -1.3% and a 45.13% success rate. Lynch covers the Real Estate sector, focusing on stocks such as CBRE Group, Equinix, and Digital Realty.
In addition to Barclays, SBA Communications also received a Buy from TD Cowen’s Michael Elias in a report issued on April 30. However, on May 1, Scotiabank maintained a Hold rating on SBA Communications (NASDAQ: SBAC).
Based on SBA Communications’ latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $703.44 million and a net profit of $184.83 million. In comparison, last year the company earned a revenue of $664.25 million and had a net profit of $220.73 million
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- SBA Communications price target raised to $230 from $223 at Scotiabank
- SBA Communications Lifts Outlook Amid Strong Tower Margins
- SBA Communications price target raised to $250 from $235 at KeyBanc
- Analyst Reiterates Hold Rating and Keeps $220 Price Target Unchanged Amid Limited Near-Term Upside and Deal Uncertainty
- SBA Communications reports Q1 FFO $3.03, consensus $2.86
