35 AI News and Ratings You Should Not Miss

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29. SBA Communications Corporation (NASDAQ:SBAC)

Number of Hedge Fund Holders: 45

SBA Communications Corporation (NASDAQ:SBAC) is a leading independent owner and operator of wireless communications infrastructure including towers, buildings, rooftops, distributed antenna systems, and small cells. On October 14, KeyBanc raised the price target on the stock to $280 from $230 and kept an Overweight rating on the shares. Heading into Q3 earnings, the advisory’s view remains consistent, and it continues to prefer towers versus data centers. Ahead of the earnings release, analysts on Wall Street project that the firm will announce quarterly earnings of $3.32 per share, representing a decline of 0.6% year over year. Revenues are projected to reach close to $669 million, declining 2% from the same quarter last year.

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