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JPMorgan Cuts Price Target for SBA Communications, Sees 18.28% Upside

Guavy AI Editorial Team
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JPM
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Equities researchers at JPMorgan Chase & Co. have decreased their price objective for SBA Communications (NASDAQ:SBAC) from $230.00 to $220.00 in a research note issued to investors on Tuesday, according to MarketBeat.

This move suggests a potential upside of 18.28% from the company's current price, which currently stands at $186.00 per share.

Several other firms have also recently issued reports on SBAC, with Morgan Stanley cutting their price target from $225.00 to $215.00 and setting an 'equal weight' rating for the company in a research note on Tuesday.

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