Is Wall Street Bullish or Bearish on SBA Communications Stock?

SBA Communications Corp phone and website-by T_Schneider via Shutterstock

Kritika Sarmah

Thu, February 19, 2026 at 9:03 PM GMT+9 2 min read

In this article:

SBAC

+0.35%

^GSPC

-0.14%

T

+1.15%

VZ

+2.05%

TMUS

+2.21%

Valued at a market cap of $21.6 billion, SBA Communications Corporation (SBAC) is a real estate investment trust (REIT) that owns and operates wireless communications infrastructure, primarily cell towers, leased to mobile network operators. Headquartered in Boca Raton, Florida, the company generates recurring revenue by renting antenna space on its towers and related sites to carriers such as AT&T, Verizon, and T-Mobile under long-term contracts with built-in escalators.

This specialty REIT has considerably underperformed the broader market over the past 52 weeks. Shares of SBAC have declined 4.3% over this time frame, while the broader S&P 500 Index ($SPX) has gained 12.3%. However, on a YTD basis, the stock is up 2.1%, compared to SPX’s marginal uptick.

More News from Barchart

SoftBank Just Sold $3.6 Billion Worth of Nvidia Stock. Should You Ditch NVDA Too?

Has Palantir Bottomed? Probably, Based on Huge, Unusual Put Options Activity in PLTR

Rackspace Stock Is Soaring on a Palantir Partnership. Should You Chase RXT Shares Here?

Stop Missing Market Moves: Get the FREE Barchart Brief – your midday dose of stock movers, trending sectors, and actionable trade ideas, delivered right to your inbox. Sign Up Now!

Narrowing the focus, SBAC has also underperformed the Pacer Benchmark Data & Infrastructure Real Estate ETF’s (SRVR) 5.5% rise over the past 52 weeks.

www.barchart.com

SBA Communications has underperformed the broader market over the past year, mainly due to moderating tower-leasing demand after the initial 5G build-out cycle, which slowed organic growth and revenue momentum. At the same time, the company’s REIT structure and relatively high leverage made the stock more sensitive to elevated interest rates, pressuring valuation. Additional headwinds, including tenant churn linked to the Sprint/T-Mobile merger, foreign-exchange weakness in key markets such as Brazil, and a muted near-term AFFO growth outlook, further weighed on investor sentiment.

For FY2025 that ended in December, analysts expect SBAC’s FFO to decline 8.8% year over year to $12.20. On the bright side, the company’s FFO surprise history is promising. It exceeded the consensus estimates in each of the last four quarters.

Among the 20 analysts covering the stock, the consensus rating is a "Moderate Buy,” which is based on eight “Strong Buy,” one "Moderate Buy,” and 11 "Hold” ratings.

www.barchart.com

On Jan. 20, 2026, UBS analyst Batya Levi reiterated a “Buy” rating on SBA Communications but cut the price target to $260 from $275.

Story continues  

The mean price target of $227.56 represents a 15.2% premium from SBAC’s current price levels, while the Street-high price target of $280 suggests an ambitious 41.8% potential upside from the current levels

_ On the date of publication, Kritika Sarmah did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Barchart.com _

Terms and Privacy Policy

Privacy Dashboard

More Info