Crown Castle (CCI) Stock Forecast & Price Target

$112.38

+0.63 (+0.56%)

(As of 10/18/2024 ET)

Crown Castle - 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

Hold

Based on 15 Analyst Ratings

Sell
0

Hold
12

Buy
3

Based on 15 Wall Street analysts who have issued ratings for Crown Castle in the last 12 months, the stock has a consensus rating of "Hold." Out of the 15 analysts, 12 have given a hold rating, and 3 have given a buy rating for CCI.

Consensus Price Target

$116.47
3.64% Upside

According to the 15 analysts' twelve-month price targets for Crown Castle, the average price target is $116.47. The highest price target for CCI is $128.00, while the lowest price target for CCI is $104.00. The average price target represents a forecasted upside of 3.64% from the current price of $112.38.

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CCI Analyst Ratings Over Time

Type	Current Forecast 10/21/23 to 10/20/24	1 Month Ago 9/21/23 to 9/20/24	3 Months Ago 7/23/23 to 7/22/24	1 Year Ago 10/21/22 to 10/21/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	3 Buy rating(s)	5 Buy rating(s)	5 Buy rating(s)	11 Buy rating(s)
Hold	12 Hold rating(s)	11 Hold rating(s)	11 Hold rating(s)	6 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	2 Sell rating(s)
Consensus Price Target	$116.47	$113.53	$114.88	$130.11
Forecasted Upside	3.64% Upside	-1.53% Downside	10.56% Upside	51.04% Upside
Consensus Rating	Hold	Hold	Hold	Hold

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CCI 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.

CCI 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.

Crown Castle Stock vs. The Competition

Type	Crown Castle	Finance Companies	S&P 500
Consensus Rating Score	2.20	2.48	2.50
Consensus Rating	Hold	Hold	Hold
Predicted Upside	3.64% Upside	11.74% Upside	6.16% Upside
News Sentiment Rating	Neutral News See Recent CCI 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
10/18/2024	Wells Fargo & Company 3 of 5 stars		Boost Target	Equal Weight ➝ Equal Weight	$100.00 ➝ $105.00	-6.42%
10/17/2024	Citigroup 3 of 5 stars	Michael Rollins Subscribe to MarketBeat All Access for the recommendation accuracy rating	Set Target		$128.00	+13.77%
10/17/2024	UBS Group 4 of 5 stars		Boost Target	Neutral ➝ Neutral	$103.00 ➝ $118.00	+5.50%
10/17/2024	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$123.00 ➝ $127.00	+13.33%
10/17/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$127.00 ➝ $123.00	+6.24%
10/10/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$112.00 ➝ $116.00	+3.53%
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9/26/2024	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	Boost Target	Neutral ➝ Neutral	$105.00 ➝ $120.00	+4.34%
9/23/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$115.00 ➝ $124.00	+7.17%
8/13/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$110.00 ➝ $115.00	+3.81%
7/25/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$100.00 ➝ $104.00	-2.37%
7/23/2024	Deutsche Bank Aktiengesellschaft Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold ➝ Hold	$103.00 ➝ $105.00	-0.18%
7/18/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$105.00 ➝ $108.00	+2.93%
6/14/2024	Raymond James Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$124.00 ➝ $126.00	+28.13%
4/19/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Hold
4/18/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$133.00 ➝ $118.00	+25.35%
12/14/2023	HSBC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$110.00	-5.80%
10/16/2023	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$151.00 ➝ $113.00	+19.53%
3/30/2023	Moffett Nathanson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Market Perform ➝ Outperform	$161.00 ➝ $155.00	+18.35%
1/27/2023	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform	$149.00 ➝ $152.00	+2.61%
1/13/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$230.00 ➝ $175.00	+15.70%
10/21/2022	Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$195.00 ➝ $149.00	+20.95%
10/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$213.00 ➝ $162.00	+27.76%
10/21/2022	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$177.00 ➝ $145.00	+14.35%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 08:51 AM ET.

Should I Buy Crown Castle Stock? CCI 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 Sunday, October 13, 2024. Please send any questions or comments about these Crown Castle pros and cons to contact@marketbeat.com.

Crown Castle
Bull Case

Here are some ways that investors could benefit from investing in Crown Castle Inc.:

Crown Castle Inc. stock price has been steadily increasing, reaching $116.61 on the latest trading day, indicating positive momentum.
Crown Castle Inc. has a market capitalization of $50.68 billion, showcasing its strong position in the market.
Institutional investors and hedge funds own a significant portion (90.77%) of Crown Castle Inc.'s stock, indicating confidence from large financial entities.
Crown Castle Inc. has a relatively low debt-to-equity ratio of 4.04, which signifies a healthy financial structure.
The company's one-year high of $120.92 suggests potential for further growth in the stock price.

Crown Castle
Bear Case

Investors should be bearish about investing in Crown Castle Inc. for these reasons:

Despite recent positive performance, Crown Castle Inc. stock traded down to $115.17 on the latest trading day, indicating some volatility.
The company's price-to-earnings ratio of 36.44 may be considered high by some investors, potentially impacting valuation.
Crown Castle Inc. has a beta of 0.85, which suggests the stock's price movements are less volatile than the market average, potentially limiting potential gains.
The quick ratio and current ratio of Crown Castle Inc. are both 0.43, indicating a lower liquidity position that may pose risks during economic downturns.
While institutional ownership is high, insider activity shows recent selling of company stock, which could raise concerns among investors.

CCI Forecast - Frequently Asked Questions

: According to the research reports of 15 Wall Street equities research analysts, the average twelve-month stock price forecast for Crown Castle is $116.47, with a high forecast of $128.00 and a low forecast of $104.00.
: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Crown Castle in the last year. There are currently 12 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" CCI shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CCI, but not buy additional shares or sell existing shares.
: According to analysts, Crown Castle's stock has a predicted upside of 3.64% based on their 12-month stock forecasts.
: Crown Castle has been rated by research analysts at Bank of America, Barclays, Citigroup, Deutsche Bank Aktiengesellschaft, Jefferies Financial Group, JPMorgan Chase & Co., Royal Bank of Canada, TD Cowen, The Goldman Sachs Group, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Crown Castle less than other "finance" companies. The consensus rating score for Crown Castle is 2.20 while the average consensus rating score for "finance" companies is 2.48. Learn more on how CCI compares to other companies.

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This page (NYSE:CCI) was last updated on 10/20/2024 by MarketBeat.com Staff

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