SBA Communications raises price target after strong Q1 and 5G growth, boosting dividend by 13%.

Barclays raised SBA Communications' price target to $245, reflecting a 12.43% potential upside after the company reported strong Q1 2026 results. Revenues rose 5.9% to $703.4 million, driven by a 32.6% increase in international site-leasing revenue, offsetting weaker domestic trends. SBA also increased its quarterly dividend by 13% to $1.25 per share and raised its full-year guidance, signaling confidence in its financial health amid 5G network expansion.