
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower is favored because its tower portfolio should move past a 2026E trough, with less DISH and LatAm churn and upcoming US spectrum auctions supporting a rebound in organic growth and AFFO/share. Its CoreSite data center business adds an underappreciated growth engine, with 3Q26 revenue up 17.4% year-over-year to $313m, record leasing activity, and mid-teens or better stabilized yields backed by AI-driven demand. The company also has a strong balance sheet with leverage at 4.9x, over $10.6bn of liquidity, and continued buybacks, while more than 70% of property NOI comes from developed markets, improving cash flow quality.
Bears say
American Tower is facing a softer-than-expected near-term leasing environment, with 3Q US new leasing activity lagging expectations and the company itself signaling 2H weakness versus 1H, which pressures tower revenue momentum. Its outlook is further clouded by concentrated carrier exposure, rising volatility from F/X and M&A churn in Latin America and Africa, and the possibility of lower US wireless capex, all of which could restrain site leasing growth and churn trends. Additional downside stems from reduced Services revenue and gross profit, plus broader risks from wireless network consolidation, network sharing, and satellite-related pressure on demand for tower sites.
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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American Tower (AMT) Analyst Forecast & Price Prediction
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