
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower's strategic position as a leader in telecommunications infrastructure is underscored by its ownership of over 220,000 cell towers globally, which provides a robust revenue stream from a concentrated customer base primarily composed of top mobile carriers. The company's acquisition of CoreSite has resulted in a remarkably strong data center segment, with a projected double-digit revenue growth of approximately 11% for 2024, reflecting increasing data consumption trends. Furthermore, the continued acceleration of carrier activity and infrastructure spending indicates a favorable outlook for mid-single-digit core organic revenue growth, particularly due to expanding international spend and U.S. densification efforts.
Bears say
American Tower's outlook is negatively impacted by declining capital expenditures, projected to decrease by 21% year-over-year in 2025, indicating reduced investment in growth. Additionally, the company's 2025 AFFO guidance of $10.405 per share reflects a slight decline from the previous year and falls short of consensus expectations, further exacerbated by foreign exchange headwinds and elevated churn rates in its international markets. The organization's reliance on a concentrated customer base, primarily the top mobile carriers, raises concerns about revenue stability and potential vulnerabilities in an environment of consolidation among carriers.
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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