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Research Alert: CFRA Maintains Buy Opinion On Shares Of Sba Communications Corporation
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Research Alert: CFRA Maintains Buy Opinion On Shares Of Sba Communications Corporation
May 3, 2026 6:07 PM

03:40 PM EDT, 05/03/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We increase our 12-month target price $20 to $250, applying an EV/EBITDA multiple of 20.0x our 2026 estimate, a premium to its three-year average multiple of 19.8x, reflecting improving international growth. We increase our 2026 AFFO estimate by $0.35 to $12.30 and decrease 2027 by $0.22 to $13.00. SBAC saw improvement in Q1 from domestic carrier spending picking up despite known churn-related headwinds, which management believes will peak in 2026. Recent rumors have emerged identifying SBAC as a buyout candidate from major infrastructure funds, specifically KKR & Co (KKR 104 ****) and Brookfield Asset Management (BAM 48 ****). Management offered no comment, but takeover interest was a question that came up on the call. We continue to believe Millicom integration will drive ROIC lower this year before expanding in 2027 as profitability increases. Central America has potential for long-term growth and new tower investment with attractive risk-adjusted returns, in our view.

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