SBA Communications Corporation (SBAC) Stock Analysis
Range Bound setup
Real Estate · REIT - Specialty
Sell if holding. Analyst target reached at $212.26 — A.R:R is negative (-0.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: T-Mobile (31.1%).
SBA Communications owns and operates 46,328 wireless towers globally (U.S., South America, Central America, Africa), with site leasing contributing 97.9% of total segment operating profit in 2025. Revenue is highly concentrated in three U.S. wireless carriers and several... Read more
Sell if holding. Analyst target reached at $212.26 — A.R:R is negative (-0.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: T-Mobile (31.1%). Chart setup: RSI 48 mid-range, Bollinger mid-band. Score 5.4/10, moderate confidence.
Passes 4/6 gates (clean insider activity, no SEC red flags, earnings proximity no date, semi cycle peak clear). Fails on weak momentum and favorable risk/reward ratio. Suitability: moderate.
Thesis
Key Metrics
Quality Signals
Options Flow
Concentration Risks(10-K Item 1A)
- HIGHCustomerT-Mobile31%10-K Item 1A: 'T-Mobile| | | | 31.1%'
- MEDIUMCustomerAT&T Wireless20%10-K Item 1A: 'AT&T Wireless| | | | 20.3%'
- MEDIUMCustomerVerizon Wireless15%10-K Item 1A: 'Verizon Wireless| | | | 15.1%'
Material Events(8-K, last 90d)
- 2026-03-27Item 5.02LOWMark Ciarfella, EVP U.S. Operations, notified intent to retire effective December 31, 2026. Will remain as non-executive employee through March 7, 2027 to support transition. No reason beyond retirement cited.SEC filing →
Model-generated analysis — not investment advice. Not a registered investment advisor. Past performance does not guarantee future results. Full disclaimer
Rating Breakdown
2 floor-breakers
Momentum below the gate floor. Component breakdown shows what dragged the score down.static
Priced at a premium — multiples above sector norms. Needs delivery on growth + margins to justify.static
Price Targets
Position Sizing
Risk Alerts
Earnings
Verdict History
Frequently Asked Questions
Sell if holding. Analyst target reached at $212.26 — A.R:R is negative (-0.2) — price has exceeded the analyst target. Reward from here is too thin for a buy — the engine flags exit. Additional concerns: Concentration risk — Customer: T-Mobile (31.1%). Chart setup: RSI 48 mid-range, Bollinger mid-band. Prior stop was $203.93. Score 5.4/10, moderate confidence.
Take-profit target: $219.97 (+1.9% upside). Prior stop was $203.93. Stop-loss: $203.93.
Concentration risk — Customer: T-Mobile (31.1%); Analyst target reached - limited upside remaining; Consecutive earnings misses (2).
SBA Communications Corporation trades at a P/E of 22.0 (forward 27.1). TrendMatrix value score: 3.9/10. Verdict: Sell.
25 analysts cover SBAC with a consensus score of 3.8/5. Average price target: $231.
What does SBA Communications Corporation do?SBA Communications owns and operates 46,328 wireless towers globally (U.S., South America, Central America, Africa),...
SBA Communications owns and operates 46,328 wireless towers globally (U.S., South America, Central America, Africa), with site leasing contributing 97.9% of total segment operating profit in 2025. Revenue is highly concentrated in three U.S. wireless carriers and several international carriers under long-term lease agreements.