Citi analyst Michael Rollins maintains $SBA Communications Corp (SBAC.US)$ with a buy rating.
According to TipRanks data, the analyst has a success rate of 67.1% and a total average return of 12.8% over the past year.
Furthermore, according to the comprehensive report, the opinions of $SBA Communications Corp (SBAC.US)$'s main analysts recently are as follows:
SBA Communications' Q3 results presented a mixed picture, with a minor FFO per share increase but slightly lower results in EBITDA and U.S. organic growth. On a positive note, increasing carrier activity in the U.S. is expected to pave the way for a more favorable leasing trend by 2025.
SBA Communications' recent financial disclosures indicate a combination of both expected and unexpected outcomes for the third quarter of 2024. In response to these results, the company has revised its guidance for 2024 upward. Additionally, the company has updated its projections for international net organic revenue growth for the same year. This comes on the heels of the company's acquisition of towers from Millicom for $975 million.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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