SBA Communications, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Ari Klein from BMO Capital maintained a Hold rating on the stock and has a $240.00 price target.
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Ari Klein has given his Hold rating due to a combination of factors impacting SBA Communications. The company reported better-than-expected EBITDA and AFFO for the second quarter, with positive developments in U.S. carrier activity. However, the increase in 2025 guidance was primarily driven by foreign exchange benefits and early revenue from Millicom, rather than organic growth in leasing activities.
Despite the positive backdrop, there are concerns about international churn and the subdued growth in AFFO per share projected through 2027. The domestic leasing activity was slightly below expectations, although there is an anticipated ramp-up by the end of the year. Additionally, the company’s exit from Canada highlights a valuation gap between public and private markets, adding another layer of complexity to the investment outlook.
In another report released on August 2, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $249.00 price target.