
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower reported a 5.5% quarter-over-quarter increase in gross profit, reaching $159 million, driven by higher revenue and an expansion in gross margins to 60.7%. The company is likely to benefit from increased demand tied to the buildout of DISH's fourth facilities-based network, along with improved churn rates in India. Additionally, CoreSite demonstrated strong performance with annual growth of 13.5% and quarter-over-quarter growth of 7.3%, indicating robust operational momentum across its business segments.
Bears say
American Tower's financial outlook appears negative due to several fundamental challenges, including a significant reliance on a concentrated customer base, where the top mobile carriers generate most of the company's revenue. The international segment has shown decreased growth, with a 20 basis point decline in international organic tenant billings growth (OTBG) in the second quarter, suggesting subdued demand across markets. Additionally, potential risks such as wireless network consolidation and diminished need for tower sites could further impact American Tower's growth trajectory, especially amid the already low single-digit growth expectations.
This aggregate rating is based on analysts' research of American Tower and is not a guaranteed prediction by Public.com or investment advice.
American Tower (AMT) Analyst Forecast & Price Prediction
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