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

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!

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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.