American Tower (AMT) Stock Forecast & Price Target

$224.25

+0.88 (+0.39%)

(As of 10/8/2024 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

Sell
0

Hold
2

Buy
12

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

$234.00
4.35% Upside

According to the 14 analysts' twelve-month price targets for American Tower, the average price target is $234.00. 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 upside of 4.35% from the current price of $224.25.

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AMT Analyst Ratings Over Time

Type	Current Forecast 10/10/23 to 10/9/24	1 Month Ago 9/10/23 to 9/9/24	3 Months Ago 7/12/23 to 7/11/24	1 Year Ago 10/10/22 to 10/10/23
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)	9 Buy rating(s)	12 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	$234.00	$231.14	$221.67	$238.80
Forecasted Upside	4.35% Upside	-3.16% Downside	6.97% Upside	50.69% 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	2.93	2.47	2.50
Consensus Rating	Moderate Buy	Hold	Hold
Predicted Upside	4.35% Upside	16.61% Upside	7.91% Upside
News Sentiment Rating	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
9/23/2024	JPMorgan Chase & Co. 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$240.00 ➝ $250.00	+6.89%
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 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%
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	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Outperform ➝ Sector Outperform	$223.00 ➝ $248.00	+12.61%
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%
7/1/2024	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 Wednesday at 04:25 AM 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 Tuesday, October 1, 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. stock price has been steadily increasing, reaching $240.36 on October 1, 2024, indicating positive market sentiment and potential for capital appreciation.
Analysts have set a consensus price target of $233.29 for American Tower Co., suggesting further upside potential based on current market evaluations.
Insider transactions show confidence in the company's performance, with key executives like the CEO and CAO purchasing and holding significant amounts of company stock.
Recent analyst ratings on American Tower Co. have been overwhelmingly positive, with most analysts giving a buy or outperform rating, indicating strong growth prospects.
American Tower Co. has a strong market position with a market capitalization of $109.77 billion, reflecting stability and potential for long-term growth.

American Tower
Bear Case

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

American Tower Co. has a relatively high P/E ratio of 53.18, which may indicate that the stock is currently overvalued compared to industry peers, potentially leading to limited short-term gains.
The company's debt-to-equity ratio of 3.42 raises concerns about its financial leverage and ability to manage debt obligations, posing risks in case of economic downturns or rising interest rates.
American Tower Co.'s current ratio of 0.81 and quick ratio of 0.81 suggest a lower liquidity position, which could impact the company's ability to meet short-term financial obligations efficiently.
While insider transactions show confidence, the selling of company stock by key executives like the CEO and CAO may raise questions about their long-term outlook on the company's performance.
Despite positive analyst ratings, investors should consider potential market volatility and regulatory changes that could impact American Tower Co.'s operations and stock performance.

AMT Forecast - Frequently Asked Questions

: According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for American Tower is $234.00, with a high forecast of $260.00 and a low forecast of $196.00.
: 14 Wall Street 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 analysts is that investors should "moderate buy" AMT shares.
: According to analysts, American Tower's stock has a predicted upside of 4.35% based on their 12-month stock forecasts.
: 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, 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.