SBA Communications price target raised to $280 from $270 at Citizens JMP

Citizens JMP raised the firm’s price target on SBA Communications (SBAC) to $280 from $270 and keeps an Outperform rating on the shares. SBA Communications reported solid Q2 results across the board, with a meaningful increase to guidance for 2025, the analyst tells investors in a research note. Though the mild retrenchment likely signals a slowdown in global expansion for U.S. tower companies, it should also come with less of a drag on AFFO per share growth, the firm says.