#25. SBA Communications Corp (New) (SBAC) — 26% UPSIDE

SBA Communications is a holding company. Through its subsidiaries, Co. owns and operates wireless communications infrastructure, including tower structures, rooftops, and other structures used for wireless communications, which it collectively refers to as towers or sites. Co.'s main business line is its site leasing business, in which it leases antenna space to wireless service providers on towers that it owns or operates and manages rooftop and tower sites for property owners under various contractual arrangements. Co.'s other business line is its site development business, through which it helps wireless service providers in developing and maintaining their own wireless service networks. The median 12 month forward target price among analysts covering SBAC is $248.0/share.