Analyst Ratings for SBA Comms
Portfolio Pulse from Benzinga Insights
Over the past 3 months, 7 Wall Street analysts have provided ratings for SBA Communications (NASDAQ:SBAC) with 1 bullish and 6 somewhat bullish ratings. The average price target is $256.57, representing an implied upside from the current price of $250.39. This target is a 10.02% decrease from the previous target of $285.14. Analysts derive their ratings from company financials, meetings, and insider communications, and update them quarterly or after major company events.
December 06, 2023 | 12:00 pm
News sentiment analysis
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POSITIVE IMPACT
SBA Communications received mostly positive ratings from analysts, with an average price target suggesting a slight upside. The current target is lower than the previous, indicating a tempered optimism.
The predominance of somewhat bullish ratings and the presence of an upside in the price target suggest a positive short-term impact on SBAC's stock price. However, the decrease in the average price target may temper investor expectations, which is why the importance is not set at the maximum. The confidence level is high due to the clear consensus among analysts and the methodical approach they use in determining their ratings.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100