SBA Communications Corp (SBAC) is expected to play a prime role in the shift to
5G and has seen significant share movements with a 5.3% rise and a 2.2% fall post-earnings release. Several investment groups and capital management firms have bought new shares in
SBAC, including Farringdon Capital Ltd, Walleye Capital LLC, Dodge & Cox, and Treasurer of the State of North Carolina. An increased number of shares were sold by firms like Barclays PLC, Bessemer Group Inc., and Invesco Ltd.
SBAC's Q4 2024 earnings highlighted strong domestic growth while investments and financial positions in SBAC continue to fluctuate. Notably, Wells Fargo & Company MN and Bank of Montreal have multimillion-dollar stock holdings in
SBAC.
Analysts have set SBAC's target price at $251.92 while it comfortably exceeded the Q4 FFO and revenue estimates. Despite some challenges in telecommunications infrastructure, analysts are optimistic of SBAC's long-term gains.
Sba Communications Corp SBAC News Analytics from Mon, 07 Oct 2024 07:00:00 GMT to Sat, 19 Apr 2025 12:12:53 GMT -
Rating 5
- Innovation 1
- Information 8
- Rumor -6
