SBA Communications Corporation (NASDAQ:SBAC) is one of the Best Depressed Stocks to Buy Right Now. On January 12, JPMorgan analyst Richard Choe reduced the firm’s price objective on the company’s stock to $240 from $245, while keeping a “Neutral” rating, as reported by The Fly. Notably, the firm lowered new leasing estimates for the tower companies ahead of earnings in order to reflect a more conservative approach as a result of a potential impact from EchoStar.
The analyst added that a modest industry outlook is outweighed by the EchoStar/DISH overhang. That being said, the deals can be a positive catalyst for the tower stocks.
In a separate update, Wells Fargo reduced the firm’s price objective on SBA Communications Corporation (NASDAQ:SBAC)’s stock to $205 from $215, while keeping an “Equal Weight” rating, as reported by The Fly. As per the firm, SBA Communications Corporation (NASDAQ:SBAC) has the cleanest outlook in 2026, considering the shorter duration of its DISH leases, while its growth headwinds are largely reflected in estimates.
SBA Communications Corporation (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure, which includes towers, buildings, rooftops, distributed antenna systems (DAS), and small cells.
While we acknowledge the potential of SBAC to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than SBAC and that has 100x upside potential, check out our report about this cheapest AI stock.
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Disclosure: None. This article is originally published at Insider Monkey.
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