$SBAC

SBA Communications (SBAC), a wireless infrastructure company, reported Q2 2026 revenue of $715.3M, beating estimates. Adjusted FFO was $3.03, also topping forecasts. Full-year FFO is expected between $11.91 and $12.36 per share. Analysts have a 'Moderate Buy' consensus, with a mean price target of $228.25, implying 25.4% upside. The stock has underperformed the S&P 500 and XLRE ETF over the past year and 2026.

Barclays upgraded American Tower (AMT) and Crown Castle (CCI) to 'Overweight', citing decade-low valuations and potential growth catalysts. AMT's price target increased to $198, while CCI's was lowered to $84. Barclays expects U.S. tower operators' growth to stabilize at 4-5%, with catalysts including Dish/EchoStar settlements and network densification.

Simply Wall St says SBA Communications (SBAC) reported Q2 2026 results with revenue of $715.27 million year over year and net income of $198.78 million. The company declared a $1.25 quarterly dividend and completed a $400 million share repurchase program, while slightly lifting its 2026 revenue outlook and planning to resume buybacks.

SBA Communications CEO Brendan Kavanaugh said the company expects to resume stock buybacks in the second half of 2026 after completing revolver refinancing in July. He estimated “fringe” rural tower sites potentially better served by satellite direct-to-cell at about 2% to 3%. He also discussed ongoing asset optimization, LatAm tower-rent cost focus, ground lease buyouts, and weaker U.S. tower-build returns versus international opportunities.

SBA COMMUNICATIONS CORP (SBAC) filed an SEC Form 8-K — Results of Operations and Financial Condition. Exhibit 99.1 FOR IMMEDIATE RELEASE SBA Communications Corporation Reports Second Quarter 2026 Results; Updates Full Year 2026 Outlook; and Declares Quarterly Cash Dividend Boca Raton, Florida, August 3, 2026 (BUSINESS NEWSWIRE) — SBA Communications Corporation (Nasdaq: SBAC) (“SB

SBA COMMUNICATIONS CORP (SBAC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-10.1 4 d130705dex101.htm EX-10.1 EX-10.1 Exhibit 10.1 Execution Version CREDIT AGREEMENT dated as of July 23, 2026, among SBA COMMUNICATIONS CORPORATION, as Borrower, The Lenders and Issuing Banks Party Hereto and WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent

Goldman Sachs says the U.S. M&A boom has further room to run, citing about $1.2 trillion in announced deals this year, up 32% from the same period in 2025, and a 12% rise in deal count, per Goldman. It refreshed a basket of 71 stocks on July 1, noting valuations of likely targets may not fully reflect takeover odds. Candidates include IMAX, ConocoPhillips, Freeport-McMoRan, Diamondback Energy, Occidental, SBA Communications, Nutanix and Dynatrace.

The article compiles major Wall Street analyst actions for multiple stocks. Examples include Wells Fargo upgrading SBA Communications to Overweight with a $210 price target, Bank of America reiterating Netflix (PT cut to $105) and Nvidia (buy), and BMO reiterating Alphabet (PT raised to $455). It also lists upgrades, initiations, and targets for companies including Tesla, Apple, 3M, Moody’s, and others.

SBA COMMUNICATIONS CORP (SBAC) filed an SEC Form 8-K — Entry into a Material Definitive Agreement. EX-1.1 2 d169827dex11.htm EX-1.1 EX-1.1 Exhibit 1.1 Execution Version SBA Communications Corporation $1,350,000,000 4.875% Senior Notes due 2030 $1,350,000,000 5.150% Senior Notes due 2031 $800,000,000 5.450% Senior Notes due 2033 Underwriting Agreement July 14, 2026 Morgan Stanl

SBA Communications (SBAC), a Boca Raton-based wireless infrastructure REIT with a $21.7B market cap and 46,000+ sites, is down 15.8% from its 52-week high of $243.16 and down 10.2% over 52 weeks, underperforming the Dow. After Q1 2026 results (revenue $703.4M; adj. FFO $1.74), it guided FY FFO $11.89–$12.34 and revenue $2.84B–$2.88B. Analysts’ consensus is “Moderate Buy” with a $233.75 mean target.