SBA Communications (SBAC) Stock: $380 Price Target From Cowen

By Amit Chowdhry ● Nov 25, 2021
  • The shares of SBA Communications Corporation (NASDAQ: SBAC) have received a $380 price target from Cowen. These are the details.

The shares of SBA Communications Corporation (NASDAQ: SBAC) have received a $380 price target from Cowen. And Cowen analyst Colby Synesael increased the price target from $347 while maintaining an “Outperform” rating on the company shares.

Synesael noted that given the U.S. demand strength, the company is currently seeing and bullish management commentary that suggests demand will further ramp next year, the new revenue estimates were raised. And SBA Communications is now Synesael’s favorite tower idea.

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