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Sba Communications: Scotiabank initiates at 'Sector Perform' Rating, The Target Price is $252
ByAinvest
Thursday, Jul 17, 2025 10:00 am ET1min read
Scotiabank initiates coverage on 'Sector Perform' rating on Sba Communications(SBAC).
The target price is $252.
[Recent Rating]
| Date | Agency | Change | Rating | Rating （previously） | Target Price | Target Price（previously） |
|---|---|---|---|---|---|---|
| 2025-07-17 | Scotiabank | Initiates Coverage On | Sector Perform | -- | $252 | $-- |
| 2025-07-08 | UBS | Maintains | Buy | Buy | $285 | $280 |
[Recent Earning Results] Sba Communications posted the Q1 of its 2025 financial results on 5/1/2025, reporting total revenue of USD 664.25 million in the first quarter, up 0.97% from USD 657.86 million year over year, reporting net income of USD 217.91 million in the first quarter, up 41.00% from USD 154.54 million year over year.
[Company Profile] Sba Communications Corporation was incorporated in the State of Florida in March 1997 and is a real estate investment trust for federal income tax purposes. The company is a leading independent owner and operator of wireless communications infrastructure, including tower structures, rooftops, and other structures that support antennas used for wireless communications. The company principal operations are in the United States and its territories. In addition, they own and operate towers in South America, Central America, Canada, South Africa, the Philippines, and Tanzania. The company primary business line is site leasing business.
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