Analyst Michael Elias of TD Cowen maintained a Buy rating on SBA Communications, with a price target of $249.00.
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Michael Elias has given his Buy rating due to a combination of factors that highlight SBA Communications’ strong performance and future potential. The company reported better-than-expected results for the second quarter of 2025 and increased its revenue, EBITDA, and AFFO/share guidance for the year, despite a reduction in international organic growth expectations due to higher churn. These positive financial metrics demonstrate the company’s resilience and ability to adapt to market conditions.
Furthermore, management’s outlook on domestic leasing activity is optimistic, with expectations of increased activity and a stable growth rate. The consistent improvement in U.S. carrier activity, marked by six consecutive quarters of increased bookings, underscores the company’s strong position in the market. Additionally, long-term demand drivers such as footprint densification and rural expansion, along with potential benefits from legislative developments and spectrum auctions, support a favorable growth trajectory for SBA Communications. These elements collectively justify the Buy rating assigned by Michael Elias.
According to TipRanks, Elias is a 4-star analyst with an average return of 11.6% and a 51.19% success rate. Elias covers the Real Estate sector, focusing on stocks such as Equinix, American Tower, and AFC Gamma.
In another report released on July 23, Barclays also maintained a Buy rating on the stock with a $257.00 price target.