Stocks · News reference
Multiple financial institutions, including Citigroup, JPMorgan, Jefferies, and TD Cowen, updated their price targets for SBA Communications on November 3, 2026.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
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
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.
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.