American Tower (AMT) Stock Forecast & Price Target

$209.30 +1.30 (+0.63%)

(As of 04:10 PM 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 13 Analyst Ratings

Sell
0

Hold
3

Buy
10

Based on 13 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 13 analysts, 3 have given a hold rating, 9 have given a buy rating, and 1 has given a strong buy rating for AMT.

Consensus Price Target

$235.54
12.54% Upside

According to the 13 analysts' twelve-month price targets for American Tower, the average price target is $235.54. The highest price target for AMT is $251.00, while the lowest price target for AMT is $196.00. The average price target represents a forecasted upside of 12.54% from the current price of $209.30.

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AMT Analyst Ratings Over Time

Type	Current Forecast 11/28/23 to 11/27/24	1 Month Ago 10/29/23 to 10/28/24	3 Months Ago 8/30/23 to 8/29/24	1 Year Ago 11/28/22 to 11/28/23
Strong Buy	1 Strong Buy rating(s)	1 Strong Buy rating(s)	1 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	9 Buy rating(s)	9 Buy rating(s)	11 Buy rating(s)	13 Buy rating(s)
Hold	3 Hold rating(s)	3 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	$235.54	$237.92	$231.14	$228.60
Forecasted Upside	12.54% Upside	7.06% Upside	3.41% Upside	12.51% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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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	2.85	2.49	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	12.47% Upside	8.69% Upside	6.48% Upside
News Sentiment Rating	Very Positive News See Recent AMT 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
11/18/2024	Barclays 3 of 5 stars		Lower Target	Overweight ➝ Overweight	$255.00 ➝ $251.00	+28.22%
10/30/2024	Scotiabank 5 of 5 stars		Lower Target	Sector Outperform ➝ Sector Outperform	$248.00 ➝ $236.00	+10.49%
10/30/2024	BMO Capital Markets 4 of 5 stars		Lower Target	Outperform ➝ Outperform	$255.00 ➝ $245.00	+14.13%
10/10/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating	E. Luebchow Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Overweight ➝ Equal Weight	$245.00 ➝ $230.00	+4.18%
9/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $250.00	+6.89%
9/12/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$205.00 ➝ $221.00	-7.52%
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.
8/15/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		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%
7/1/2024	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%
5/1/2024	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%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 04:47 PM ET.

Should I Buy American Tower Stock? AMT Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Thursday, November 21, 2024. Please send any questions or comments about these American Tower pros and cons to contact@marketbeat.com.

American Tower
Bull Case

Here are some ways that investors could benefit from investing in American Tower Co.:

American Tower Co. has shown strong institutional support, with 92.69% of its stock owned by hedge funds and other institutional investors, indicating confidence in the company's future performance.
Recent analyst ratings reflect a generally positive outlook, with nine analysts issuing buy ratings and a consensus price target of $235.54, suggesting potential for price appreciation.
The stock is currently trading at $201.15, which is below the average price target, presenting a potential buying opportunity for investors looking for growth.
American Tower Co. has demonstrated significant growth in its holdings, with First Horizon Advisors Inc. increasing its position by 7.0% recently, indicating positive sentiment among investors.
Analysts have recently raised their price targets, with JPMorgan Chase & Co. increasing their target from $240.00 to $250.00, reflecting optimism about the company's future earnings potential.

American Tower
Bear Case

Investors should be bearish about investing in American Tower Co. for these reasons:

The company has a high debt-to-equity ratio of 3.27, which indicates that it relies heavily on debt financing. This could pose risks if interest rates rise or if the company faces cash flow issues.
Wells Fargo recently downgraded its rating from "overweight" to "equal weight" and lowered its price target from $245.00 to $230.00, suggesting a more cautious outlook on the stock's performance.
Despite recent increases in stock price, American Tower Co. has a 12-month low of $170.46, indicating volatility and potential risks for investors who may be concerned about price fluctuations.
Some analysts have issued hold ratings, indicating uncertainty about the stock's short-term performance, which may deter risk-averse investors.
The overall market conditions and economic factors could impact the performance of real estate investment trusts like American Tower Co., making it a less attractive option in a volatile market.

AMT Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for American Tower is $235.54, with a high forecast of $251.00 and a low forecast of $196.00.
: 13 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for American Tower in the last year. There are currently 3 hold ratings, 9 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.
: According to analysts, American Tower's stock has a predicted upside of 12.54% based on their 12-month stock forecasts.
: Over the previous 90 days, American Tower's stock had 1 downgrade by analysts.
: American Tower has been rated by research analysts at Barclays, BMO Capital Markets, JPMorgan Chase & Co., Mizuho, Scotiabank, and Wells Fargo & Company in the past 90 days.
: 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.

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This page (NYSE:AMT) was last updated on 11/27/2024 by MarketBeat.com Staff

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American Tower (AMT) Stock Forecast & Price Target