In a report released today, Ari Klein from BMO Capital maintained a Hold rating on SBA Communications (SBAC – Research Report), with a price target of $220.00.
Ari Klein has given his Hold rating due to a combination of factors influencing SBA Communications. The company’s fourth-quarter results showed strength with higher-than-expected AFFO per share, driven by increased site leasing revenue and improved tower margins. However, the guidance for 2025 fell short of expectations, which tempers the positive outlook.
While there is an improvement in U.S. carrier activity, providing some growth potential into 2026, the domestic leasing guidance remains somewhat conservative. Additionally, international markets are facing challenges due to churn, with no immediate signs of improvement. Despite a more favorable environment and low expectations, significant growth in AFFO per share is not anticipated until 2027, and there are limited catalysts in the near term to drive the stock higher.
According to TipRanks, Klein is a 4-star analyst with an average return of 4.9% and a 56.45% success rate. Klein covers the Real Estate sector, focusing on stocks such as SBA Communications, Ryman, and Park Hotels & Resorts.