Strong Q3 2025 Performance: American Tower Corporation reported better-than-expected financial results for Q3 2025, driven by increased revenue and net income, aided by favorable foreign currency effects and a focus on developed markets.
CoreSite Data Center Growth: The company is accelerating the growth of its CoreSite data center platform, which is fueled by rising demand for AI-related workloads and ongoing 5G projects, raising questions about its impact on overall investment narratives.
Investment Risks and Valuation: Investors need to consider the potential risks associated with debt, interest costs, and currency fluctuations, as well as the company's shares trading significantly above their fair value estimates, which range from approximately US$195 to US$262.
Research and Analysis Resources: Simply Wall St offers a comprehensive analysis of American Tower, highlighting key rewards and risks, and encourages investors to conduct their own research before making investment decisions.
AMT
$172.41+Infinity%1D
Analyst Views on AMT
Wall Street analysts forecast AMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMT is 225.75 USD with a low forecast of 200.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
14 Analyst Rating
Wall Street analysts forecast AMT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for AMT is 225.75 USD with a low forecast of 200.00 USD and a high forecast of 250.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
2 Hold
0 Sell
Strong Buy
Current: 174.290
Low
200.00
Averages
225.75
High
250.00
Current: 174.290
Low
200.00
Averages
225.75
High
250.00
Morgan Stanley
Benjamin Swinburne
Overweight
maintain
$235 -> $255
2025-12-04
Reason
Morgan Stanley
Benjamin Swinburne
Price Target
$235 -> $255
2025-12-04
maintain
Overweight
Reason
Morgan Stanley analyst Benjamin Swinburne raised the firm's price target on American Tower to $255 from $235 and keeps an Overweight rating on the shares. The firm, which is forecasting accelerating revenue growth across its Communications Infrastructure coverage group, says among the Towers names it prefers American Tower, where it sees valuation as "more favorable," but adds that carrier consolidation represents a risk to growth expectations.
Barclays
Overweight
to
NULL
downgrade
$251 -> $203
2025-11-17
Reason
Barclays
Price Target
$251 -> $203
2025-11-17
downgrade
Overweight
to
NULL
Reason
Barclays lowered the firm's price target on American Tower to $203 from $251 and keeps an Overweight rating on the shares. The firm adjusted targets in the towers group after consulted with legal experts to assess the strength of American Tower's case against EchoStar, and its implication for other tower companies.
Argus
Marie Ferguson
Buy
downgrade
$230 -> $210
2025-10-30
Reason
Argus
Marie Ferguson
Price Target
$230 -> $210
2025-10-30
downgrade
Buy
Reason
Argus analyst Marie Ferguson lowered the firm's price target on American Tower to $210 from $230 and keeps a Buy rating on the shares. The firm cites the recent pullback and ongoing tariff uncertainty for the price target decrease. The shares have potential to participate in sector momentum in 2025, the analyst tells investors in a research note.
BMO Capital
Outperform
to
NULL
downgrade
$220 -> $215
2025-10-28
Reason
BMO Capital
Price Target
$220 -> $215
2025-10-28
downgrade
Outperform
to
NULL
Reason
BMO Capital lowered the firm's price target on American Tower to $215 from $220 and keeps an Outperform rating on the shares. The company's Q3 results were "reasonably solid", with continued services strength, margin upside, and some FX benefit, the analyst tells investors in a research note. BMO further note that data center demand also remains robust, carrier activity continues to improve with applications up 20% y/y, and leverage for the company dipped below 5-times with the management repurchasing shares for the time since 2020. The firm adds however that the Echostar overhang intensified as it seeks to absolve itself from rental payments, and while American Tower believes it maintains the upper hand, a quick resolution seems unlikely.
About AMT
American Tower Corporation is a global real estate investment trust (REIT) and an independent owner, operator and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of United States data center facilities. The Company's segments include U.S. & Canada property, Africa & APAC property, Europe property, Latin America property, Data Centers and Services. The Company’s primary business is leasing space on multitenant communications sites to wireless service providers, radio and television broadcast companies, wireless data providers, government agencies and municipalities and tenants in a number of other industries. The Company’s Data Centers segment relates to data center facilities and related assets that it owns and operates in the United States. Its Services segment offers tower-related services in the United States, including AZP, structural and mount analyses, and construction management.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
