Raymond James analyst Ric Prentiss reiterated a Buy rating on SBA Communications Corporation (NASDAQ:SBAC) on Tuesday, setting a price target of $346, which is approximately 15.85% above the present share price of $298.66.
Prentiss expects SBA Communications Corporation to post earnings per share (EPS) of -$0.11 for the second quarter of 2021.
The current consensus among 13 TipRanks analysts is for a Strong Buy rating of shares in SBA Communications, with an average price target of $329.77.
The analysts price targets range from a high of $352 to a low of $305.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $548.74 million and a net profit of $183.48 million. The company's market cap is $32.65 billion.
According to TipRanks.com, Raymond James analyst Ric Prentiss is currently ranked with 4 stars on a 0-5 stars ranking scale, with an average return of 4.9% and a 68.30% success rate.
SBA Communications Corporation is a real estate investment trust, which owns and operates wireless communications infrastructure including towers, indoor/outdoor distributed antenna systems, and small cells. The company primarily operates in North, Central, and South America and South Africa.