Analyst Rating: Will SBA Communications Corporation (SBAC) Stock Do Better Than the Market?

Monday, January 24, 2022 11:47 AM | InvestorsObserver Analysts

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InvestorsObserver is giving SBA Communications Corporation (SBAC) an Analyst Rating Rank of 58, meaning SBAC is ranked higher by analysts than 58% of stocks. The average price target for SBAC is $380.857 and analyst’s rate the stock as a Strong Buy.

Wall Street analysts are rating SBAC a Strong Buy today. Find out what this means to you and get the rest of the rankings on SBAC!
See Full SBAC Report

Why are Analyst Ratings Important?

A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement. InvestorsObserver averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.

What's Happening With SBA Communications Corporation Stock Today?

SBA Communications Corporation (SBAC) stock is higher by 0.66% while the S&P 500 is down -2.81% as of 11:38 AM on Monday, Jan 24. SBAC has risen $2.06 from the previous closing price of $312.34 on volume of 422,647 shares. Over the past year the S&P 500 has risen 10.87% while SBAC has risen 13.69%. SBAC earned $2.59 a per share in the over the last 12 months, giving it a price-to-earnings ratio of 121.37. Click Here to get the full Stock Report for SBA Communications Corporation stock.

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