American Tower (AMT) Stock Forecast & Price Target

$235.06

+2.75 (+1.18%)

(As of 09/20/2024 ET)

American Tower - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy
Based on 14 Analyst Ratings

Based on 14 Wall Street analysts who have issued ratings for American Tower in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 14 analysts, 2 have given a hold rating, 11 have given a buy rating, and 1 has given a strong buy rating for AMT.

Consensus Price Target

$233.29
-0.75% Downside

High Forecast	$260.00
Average Forecast	$233.29
Low Forecast	$196.00

According to the 14 analysts' twelve-month price targets for American Tower, the average price target is $233.29. The highest price target for AMT is $260.00, while the lowest price target for AMT is $196.00. The average price target represents a forecasted downside of -0.75% from the current price of $235.06.

Type	Current Forecast 9/23/23 to 9/22/24	1 Month Ago 8/24/23 to 8/23/24	3 Months Ago 6/25/23 to 6/24/24	1 Year Ago 9/23/22 to 9/23/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	11 Buy rating(s)	11 Buy rating(s)	8 Buy rating(s)	11 Buy rating(s)
Hold	2 Hold rating(s)	2 Hold rating(s)	2 Hold rating(s)	1 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$233.29	$231.14	$220.91	$240.29
Forecasted Upside	-0.75% Downside	13.42% Upside	21.15% Upside	20.92% Upside

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AMT Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

AMT Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

American Tower Stock vs. The Competition

Type	American Tower	Finance Companies	S&P 500
Consensus Rating Score	2.93	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-0.75% Downside	14.02% Upside	7.41% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
9/13/2024	BMO Capital Markets 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$246.00 ➝ $260.00	+9.64%
9/12/2024	Mizuho 2 of 5 stars		Boost Target	Neutral ➝ Neutral	$205.00 ➝ $221.00	-7.52%
8/15/2024	Royal Bank of Canada 4 of 5 stars		Boost Target	Outperform ➝ Outperform	$225.00 ➝ $236.00	+8.00%
8/14/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$212.00 ➝ $235.00	+5.05%
7/31/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$226.00 ➝ $239.00	+8.53%
7/31/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$223.00 ➝ $248.00	+12.61%
Get the Latest News and Ratings for AMT and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for American Tower and its competitors with MarketBeat's FREE daily newsletter.
7/31/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$225.00 ➝ $245.00	+11.31%
7/31/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$230.00 ➝ $240.00	+6.67%
7/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	J. Schneider Subscribe to MarketBeat All Access for the recommendation accuracy rating	Initiated Coverage	Buy	$230.00	+18.32%
5/30/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$234.00 ➝ $223.00	+17.49%
5/1/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Outperform ➝ Strong-Buy	$226.00 ➝ $248.00	+44.56%
4/15/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$183.00 ➝ $196.00	+10.55%
12/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$245.00	+16.08%
10/17/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$230.00 ➝ $200.00	+19.05%
3/30/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$244.00 ➝ $234.00	+17.89%
2/24/2023	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$251.00 ➝ $244.00	+23.61%
1/13/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$325.00 ➝ $275.00	+18.43%
12/13/2022	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$278.00 ➝ $270.00	+25.08%
11/1/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$279.00	+34.21%
10/28/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$264.00 ➝ $252.00	+26.84%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 02:29 PM ET.

AMT Forecast - Frequently Asked Questions

What is American Tower's forecast for 2024?: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for American Tower is $233.29, with a high forecast of $260.00 and a low forecast of $196.00.
Should I buy or sell American Tower stock right now?: 14 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Tower in the last twelve months. There are currently 2 hold ratings, 11 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" AMT shares.
Does American Tower's stock price have much upside?: According to analysts, American Tower's stock has a predicted upside of 12.00% based on their 12-month stock forecasts.
What analysts cover American Tower?: American Tower has been rated by research analysts at BMO Capital Markets, Deutsche Bank Aktiengesellschaft, JPMorgan Chase & Co., Mizuho, Royal Bank of Canada, Scotiabank, TD Cowen, The Goldman Sachs Group, and Wells Fargo & Company in the past 90 days.
Do Wall Street analysts like American Tower more than its competitors?: Analysts like American Tower more than other "finance" companies. The consensus rating for American Tower is Moderate Buy while the average consensus rating for "finance" companies is Hold. Learn more on how AMT compares to other companies.