
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower's strong outlook is supported by its anticipated double-digit growth in data center revenue, projected to reach approximately 11% year-over-year in 2024, fueled by rising data consumption trends. The company is also experiencing accelerating data center performance, reflecting robust demand and healthy carrier activity, particularly since the acquisition of CoreSite in 2021. Furthermore, mid-single-digit core organic revenue growth is expected to continue, bolstered by increased international spending and ongoing densification efforts by U.S. carriers.
Bears say
American Tower's outlook is negatively impacted by a forecasted decline in capital expenditures (capex) of 21% year-over-year in 2025, indicating a significant reduction in investment compared to prior years. The company anticipates a modest organic growth rate of 4.3%, which is below expectations, compounded by elevated churn rates in international markets, particularly in Latin America. Furthermore, the guidance for 2025 adjusted funds from operations (AFFO) of $10.405 per share reflects a decrease of 1.3% year-over-year, primarily driven by foreign exchange headwinds and ongoing customer consolidation issues, suggesting challenges in sustaining revenue growth.
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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