Do Analysts Expect SBA Communications Corporation (SBAC) Stock to Rise After It Has Fallen -9.33% in a Month?

Tuesday, February 23, 2021 3:20 PM | InvestorsObserver Analysts

Analysts who follow SBA Communications Corporation (SBAC) on average expect it to increase 29.66% over the next twelve months. Those same analysts give the stock an average rating of Strong Buy.

That average rating earns the stock an Analyst Ranking of 56, which means it ranks higher than 56 of stocks, based on data compiled by InvestorsObserver.

Overall Score - 4.4
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!

Why are Analyst Ratings Important?

Though analyst projections should not be your only resource when determining your position on a stock, it can be a very useful tool. Analysts follow sectors/industries in-depth and tend to know how local and global conditions tend to affect demand and prices. Many analysts even participate in conference calls where they can get information to better make sense of the numbers.

InvestorsObserver averages the ratings provided by analysts and then ranks their score as a percent against the market. This allows you to compare stocks in a more comprehensive fashion than with the typical buy/sell/hold ranking.

What's Happening With SBA Communications Corporation Stock Today?

SBA Communications Corporation (SBAC) stock has fallen -3.46% while the S&P 500 is up 0.11% as of 3:15 PM on Tuesday, Feb 23. SBAC has fallen -$8.98 from the previous closing price of $259.70 on volume of 1,069,777 shares. Over the past year the S&P 500 is up 20.30% while SBAC has fallen -15.16%. SBAC lost -$0.15 per share the over the last 12 months.

Click Here to get the full report on SBA Communications Corporation (SBAC) Stock.

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