5 Best Data Center Stocks To Buy According to Analysts

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In this piece, we will take a look at the five best data center stocks to buy according to analysts. If you want to take a detailed look at what a data center stock really is, then read 12 Best Data Center Stocks To Buy According to Analysts.

5. SBA Communications Corporation (NASDAQ:SBAC)

Number of Q4 2023 Hedge Fund Shareholders: 41

Share Price Target Upside: 24%

Latest Average Share Price Target: $265

SBA Communications Corporation (NASDAQ:SBAC) is another telecommunications and data center real estate investment trust. The firm has beaten analyst EPS estimates in just one of its four latest quarters, and the shares are rated Buy on average.

Insider Monkey’s Q4 2023 survey of 933 hedge funds revealed that 41 had bought and owned SBA Communications Corporation (NASDAQ:SBAC)’s shares. Ken Griffin’s Citadel Investment Group was the firm’s largest hedge fund investor through its $673 million investment.

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