JPMorgan Lowers the Firm's PT on SBA Communications (SBAC) Stock

SBA Communications Corporation (NASDAQ:SBAC) is one of the Best Depressed Stocks to Buy Right Now. On January 12, JPMorgan analyst Richard Choe reduced the firm’s price objective on the company’s stock to $240 from $245, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm lowered new leasing estimates for the tower companies ahead of earnings in order to reflect a more conservative approach as a result of a potential impact from EchoStar.

The analyst added that a modest industry outlook is outweighed by the EchoStar/DISH overhang. That being said, the deals can be a positive catalyst for the tower stocks.

In a separate update, Wells Fargo reduced the firm’s price objective on SBA Communications Corporation (NASDAQ:SBAC)’s stock to $205 from $215, while keeping an “Equal Weight” rating, as reported by The Fly. As per the firm, SBA Communications Corporation (NASDAQ:SBAC) has the cleanest outlook in 2026, considering the shorter duration of its DISH leases, while its growth headwinds are largely reflected in estimates.

SBA Communications Corporation (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure, which includes towers, buildings, rooftops, distributed antenna systems (DAS), and small cells.

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Disclosure: None. This article is originally published at Insider Monkey.