RBC Capital analyst Jonathan Atkin maintained a Buy rating on SBA Communications Corporation (NASDAQ:SBAC) on Wednesday, setting a price target of $370, which is approximately 6.63% above the present share price of $347.01.
Atkin expects SBA Communications Corporation to post earnings per share (EPS) of $1.40 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in SBA Communications, with an average price target of $368.18.
The analysts price targets range from a high of $400 to a low of $325.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $575.53 million and a net profit of $210.36 million. The company's market cap is $38.01 billion.
According to TipRanks.com, RBC Capital analyst Jonathan Atkin is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 18.9% and a 82.13% 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.