Bernstein Initiates Coverage of SBA Communications (SBAC) with Market Perform Recommendation
Fintel reports that on March 5, 2026, Bernstein initiated coverage of SBA Communications (NasdaqGS:SBAC) with a Market Perform recommendation.
Analyst Price Forecast Suggests 17.78% Upside
As of February 25, 2026, the average one-year price target for SBA Communications is $231.35/share. The forecasts range from a low of $183.82 to a high of $294.00. The average price target represents an increase of 17.78% from its latest reported closing price of $196.43 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for SBA Communications is 2,915MM, an increase of 3.55%. The projected annual non-GAAP EPS is 6.98.
What is the Fund Sentiment?
There are 899 funds or institutions reporting positions in SBA Communications. This is an decrease of 546 owner(s) or 37.79% in the last quarter. Average portfolio weight of all funds dedicated to SBAC is 0.29%, an increase of 24.06%. Total shares owned by institutions decreased in the last three months by 17.77% to 108,007K shares. 
The put/call ratio of SBAC is 0.33, indicating a bullish outlook.
What are Other Shareholders Doing?
Dodge & Cox holds 11,996K shares representing 11.34% ownership of the company. In its prior filing, the firm reported owning 9,667K shares , representing an increase of 19.41%.
Jpmorgan Chase holds 4,521K shares representing 4.27% ownership of the company. In its prior filing, the firm reported owning 4,958K shares , representing a decrease of 9.65%. The firm decreased its portfolio allocation in SBAC by 89.53% over the last quarter.
VGSIX - Vanguard Real Estate Index Fund Investor Shares holds 4,015K shares representing 3.80% ownership of the company. In its prior filing, the firm reported owning 4,035K shares , representing a decrease of 0.48%. The firm decreased its portfolio allocation in SBAC by 8.96% over the last quarter.
Cohen & Steers holds 3,449K shares representing 3.26% ownership of the company. In its prior filing, the firm reported owning 3,781K shares , representing a decrease of 9.63%. The firm decreased its portfolio allocation in SBAC by 8.56% over the last quarter.
Geode Capital Management holds 3,085K shares representing 2.92% ownership of the company. In its prior filing, the firm reported owning 3,069K shares , representing an increase of 0.52%. The firm decreased its portfolio allocation in SBAC by 48.13% over the last quarter.
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This story originally appeared on Fintel.