SBA Communications shares are trading lower after the company reported worse-than-expected Q4 revenue results. Also, BMO Capital maintained an outperform rating on the stock but lowered its price target from $285 to $265.
Portfolio Pulse from Benzinga Newsdesk
SBA Communications shares dropped following a report of disappointing Q4 revenue results. Additionally, BMO Capital kept an outperform rating but reduced the price target from $285 to $265.

February 27, 2024 | 6:10 pm
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NEGATIVE IMPACT
SBA Communications' stock price declined due to disappointing Q4 revenue results, despite BMO Capital maintaining an outperform rating but lowering the price target.
The negative impact on SBAC's stock price is primarily due to the reported lower-than-expected Q4 revenue, which typically leads to a loss of investor confidence and potential sell-off. Although BMO Capital's continued outperform rating indicates some level of institutional support, the reduction in the price target may further contribute to negative sentiment among investors, potentially leading to short-term price decline.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100