Analyst Price Target Adjustments for SBA Communications
Multiple financial institutions, including Citigroup, JPMorgan, Jefferies, and TD Cowen, updated their price targets for SBA Communications on November 3, 2026.
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Citi's telecom research team, led by Michael Rollins, identified SBA Communications and other tower operators as potential beneficiaries of SpaceX's reported push into the mobile market.
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Multiple financial institutions, including Citigroup, JPMorgan, Jefferies, and TD Cowen, updated their price targets for SBA Communications on November 3, 2026.
SBA Communications reported its third-quarter 2026 financial results, including net income of $231.3 million and AFFO per share of $3.19, while updating its full-year outlook and announcing a new commercial paper program.
Filed: 2026-11-02 AccNo: 0001193125-26-443666 Size: 623 KB Item 2.02: Results of Operations and Financial Condition Item 9.01: Financial Statements and Exhibits
Analysts cut targets for WING, ELAN, SBAC and RH; raised targets for TRV, OXY and GILD, with ELAN downgraded to Hold.
Bernstein analyst Madison Rezaei maintains SBA Communications (NASDAQ:SBAC) with a Market Perform and lowers the price target from $219 to $208.
SpaceX's $8B spectrum deal boosts Starlink direct-to-cell, positions it as a major carrier player, and creates big upside for U.S. towers.