SBA Communications Corporation (SBAC) Faces Analyst Adjustments Amid Positive Credit Outlook

SBA Communications Corporation (NASDAQ:SBAC) is a top Goldman Sachs REIT pick. On February 3, SBA Communications Corporation (NASDAQ:SBAC) announced it will report fourth-quarter results after market close on February 26, 2026, followed by a conference call to discuss the results.

Earlier on January 20, UBS cut its price target on SBA Communications (SBAC) to $260 from $275 while maintaining a Buy rating, noting that the risk-reward profile for tower stocks remains attractive heading into 2026. A week earlier, on January 13, JPMorgan analyst Richard Choe reiterated a Neutral rating and cut the price target to $240 from $245.

The price target cut comes on the heels of the analyst reducing new leasing estimates for tower companies ahead of earnings. The new estimates reflect a conservative approach due to the potential impact of EchoStar, an American telecommunications company specializing in satellite communications.

In December, Moody’s affirmed a Ba2 rating on the company, changing its outlook to positive due to a revised financial policy emphasizing lower leverage and more unsecured debt. The firm expects significant secured debt refinancing, and the company holds $1.6 billion available on its $2 billion revolver.

SBA Communications Corporation (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure, including cell towers, buildings, rooftops, and small cells. It primarily leases antenna space to wireless service providers on a long-term basis across the Americas and South Africa, and previously in Canada.

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