Bank of America Securities analyst Michael Funk reiterated a Hold rating on SBA Communications today and set a price target of $220.00. The company’s shares closed yesterday at $188.53.
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Funk covers the Technology sector, focusing on stocks such as AST SpaceMobile, Guidewire, and Paycom. According to TipRanks, Funk has an average return of -8.3% and a 35.00% success rate on recommended stocks.
SBA Communications has an analyst consensus of Moderate Buy, with a price target consensus of $242.43.
Based on SBA Communications’ latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $698.98 million and a net profit of $225.69 million. In comparison, last year the company earned a revenue of $660.48 million and had a net profit of $162.83 million
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