SBA Communications Corporation — Wall Street Analyst Estimates & Price Targets

SBAC

NASDAQReal EstateREIT - SpecialtyCIK 0001034054sbasite.comAbout SBAC

Last close · Oct 16, 2026187.06+3.34 (+1.82%)

Market cap$19.8B

4 firms' latest targets, last 90 days: median $222.50 ($205.00–$271.00), 19% above the last close.

Price and published targets

daily close, 12 months · each dot a target, a firm's latest darker

Each firm's latest target

last 90 days · 4 firms

Date	Firm	Target	Previous	Change	Vs price then	Vs price now
2026-10-05	Raymond James	$271.00	—	—	+69%	+45%
2026-09-30	Barclays	$207.00	$208.00	= 0%	+27%	+11%
2026-09-21	Morgan Stanley	$205.00	$215.00	▼ 5%	+15%	+10%
2026-08-05	Truist	$238.00	—	—	+36%	+27%

Consensus estimates

revenue and EPS by fiscal year · reported years marked

FY	Revenue	YoY	EPS	YoY	Revenue range	EPS range	Analysts
2023reported	$194.6M	-34%	$4.61	+9%	est. $2.7B-93%	est. $4.97	11
2024reported	$152.9M	-21%	$6.94	+51%	est. $2.7B-94%	est. $7.39	9
2025reported	$244.5M	+60%	$9.80	+41%	est. $2.8B-91%	est. $9.85	8
2026	$2.9B	+1072%	$7.69	-22%	$2.8B–$2.9B	$7.66–$7.73	14
2027	$2.9B	+2%	$8.29	+8%	$2.9B–$3.0B	$8.04–$8.63	12
2028	$3.0B	+4%	$9.06	+9%	$3.0B–$3.1B	$7.75–$9.57	13
2029	$3.2B	+5%	$10.02	+11%	$3.2B–$3.2B	$9.84–$10.20	11
2030	$3.2B	+1%	$10.35	+3%	$3.2B–$3.3B	$10.16–$10.53	6

A reported year shows the company's figures, with the consensus beside it (revenue against it in %). Reported EPS is GAAP diluted; the analysts' EPS usually leaves items such as stock compensation out, so the two are not like for like. Faded: a year the valuation models do not read — they read the first 3, and a later one only while 10 or more analysts cover every year up to it — or one under 5 analysts.

The analysts at a glance

$222.50median target, 19% above the last close

Firms with a target · last 90 days: 4
Lowest – highest target: $205.00 – $271.00
Current grades of 11 firms: positive / neutral / negative: 7 / 4 / 0
Upgrades / downgrades · 12 months: 2 / 1
Consensus revenue growth · next 3 FY: +132% a year

Current grades

each firm's latest · 11 firms

As of	Firm	Grade
2026-09-30	Barclays	“Overweight”
2026-09-21	Morgan Stanley	“Equal Weight”
2026-08-05	Truist	“Buy”
2026-08-04	J.P. Morgan	“Neutral”
2026-07-17	Wells Fargo	“Overweight”
2026-07-10	RBC Capital	“Outperform”
2026-05-01	Scotiabank	“Sector Perform”
2026-04-30	Keybanc	“Overweight”
2026-01-20	UBS	“Buy”
2025-11-04	BMO Capital	“Market Perform”
2025-11-04	TD Cowen	“Buy”

Grade changes

last 24 months · 6

Date	Firm	Grade
2026-07-17	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2026-04-22	Truist	“Hold” → “Buy” upgrade
2026-03-31	Truist	“Buy” → “Hold” downgrade
2025-08-27	Bank of America	“Buy” → “Neutral” downgrade
2025-04-01	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2024-12-18	BMO Capital	“Outperform” → “Market Perform” downgrade

50 older than 24 months

2024-07-15	Wells Fargo	“Overweight” → “Equal Weight” downgrade
2024-03-07	Bank of America	“Neutral” → “Buy” upgrade
2023-12-15	BMO Capital	“Market Perform” → “Outperform” upgrade
2023-08-10	Bank of America	“Buy” → “Neutral” downgrade
2023-03-30	MoffettNathanson	“Market Perform” → “Outperform” upgrade
2023-01-25	Wolfe Research	“Underperform” → “Peer Perform” upgrade
2022-04-11	MoffettNathanson	“Buy” → “Neutral” downgrade
2022-01-10	Jefferies	“Buy” → “Hold” downgrade
2021-10-19	Credit Suisse	“Neutral” → “Outperform” upgrade
2021-06-02	Morgan Stanley	“Equal Weight” → “Overweight” upgrade
2021-03-26	Keybanc	“Sector Weight” → “Overweight” upgrade
2021-03-05	Raymond James	“Outperform” → “Strong Buy” upgrade
2021-02-08	J.P. Morgan	“Overweight” → “Neutral” downgrade
2021-02-03	Credit Suisse	“Outperform” → “Neutral” downgrade
2021-01-15	Barclays	“Equal Weight” → “Overweight” upgrade
2020-07-13	Keybanc	“Overweight” → “Sector Weight” downgrade
2020-06-09	J.P. Morgan	“Neutral” → “Overweight” upgrade
2020-04-07	Wells Fargo	“Equal Weight” → “Overweight” upgrade
2020-03-19	Raymond James	“Market Perform” → “Outperform” upgrade
2020-03-02	Bank of America	“Neutral” → “Buy” upgrade
2020-01-13	Goldman Sachs	“Neutral” → “Buy” upgrade
2019-09-19	Morgan Stanley	“Overweight” → “Equal Weight” downgrade
2019-08-01	J.P. Morgan	“Overweight” → “Neutral” downgrade
2019-07-15	Bank of America	“Buy” → “Neutral” downgrade
2019-07-08	MoffettNathanson	“Buy” → “Neutral” downgrade
2019-06-07	UBS	“Buy” → “Neutral” downgrade
2019-05-01	Raymond James	“Outperform” → “Market Perform” downgrade
2019-02-22	Guggenheim	“Buy” → “Neutral” downgrade
2018-10-31	Citigroup	“Neutral” → “Buy” upgrade
2017-09-27	Keybanc	“Sector Weight” → “Overweight” upgrade
2017-06-12	Raymond James	“Strong Buy” → “Outperform” downgrade
2017-04-11	Guggenheim	“Neutral” → “Buy” upgrade
2017-01-25	Citigroup	“Buy” → “Neutral” downgrade
2016-11-30	J.P. Morgan	“Neutral” → “Overweight” upgrade
2016-05-03	J.P. Morgan	“Overweight” → “Neutral” downgrade
2016-03-04	Wells Fargo	“Outperform” → “Market Perform” downgrade
2016-01-26	Stifel	“Hold” → “Buy” upgrade
2015-11-05	Evercore ISI	“Buy” → “Hold” downgrade
2015-10-05	Macquarie	“Neutral” → “Outperform” upgrade
2015-03-02	RBC Capital	“Top Pick” → “Outperform” downgrade
2015-02-06	Macquarie	“Outperform” → “Neutral” downgrade
2013-12-18	Macquarie	“Neutral” → “Outperform” upgrade
2013-01-03	Macquarie	“Outperform” → “Neutral” downgrade
2012-12-04	RBC Capital	“Outperform” → “Hold” downgrade
2012-12-03	RBC Capital	“Outperform” → “Top Pick” upgrade
2012-10-04	Citigroup	“Neutral” → “Buy” upgrade
2012-08-16	Citigroup	“Buy” → “Neutral” downgrade
2012-07-27	Stifel	“Hold” → “Buy” upgrade
2012-04-13	Piper Sandler	“Neutral” → “Overweight” upgrade
2012-04-09	Citigroup	“Neutral” → “Buy” upgrade

Targets, grades and estimates are quoted from third parties (via Financial Modeling Prep) and are theirs, not ours; each target links to the report it was published in. A firm counts once, at its latest target or grade.