BTIG Lifts Price Target on SBA Communications Corporation (SBAC)
BTIG Analyst Walter Piecyk weighed in on SBA Communications Corporation (NASDAQ:SBAC) following new valuation methodology and some estimate revisions.
The analyst notes, “Our estimates for SBA are largely unchanged, as upward revisions to international markets were offset by a more conservative outlook for the US market.” The analyst also reduced his revenue estimates for the company.
The analyst reiterates a Buy rating for SBA and sets a price target of $142.00.
According to TipRanks, Piecyk is ranked #810 of 4,064 analysts.