Should I Buy AMT? AMT 2026 Analysis

Should You Buy American Tower Corp (AMT) Today? Analysis, Price Targets, and 2026 Outlook.

Conclusion

Buy

Latest Price

181.370

1 Day change

2.17%

52 Week Range

234.330

Analysis Updated At

2026/01/28

Buy now for a beginner long-term investor. AMT is trading near a defined support/pivot area (~177.6) with improving (but not overheated) momentum, options positioning leaning bullish (put/call ratios < 1), and a dividend profile that’s expected to grow (~5% dividend increase expected in 2026). The main overhang is Dish/EchoStar-related uncertainty, but at current levels the risk/reward is attractive for a long-term income+infrastructure holding.

Technical Analysis

Pre-market price is ~179.6, slightly down (-0.28%) and sitting just above the pivot support at 177.55. Momentum is constructive: MACD histogram is positive (0.707) but contracting, implying the recent upswing is slowing rather than reversing. RSI(6) at ~61 is neutral-to-mildly bullish (not overbought). Moving averages are converging, consistent with a base/transition phase rather than a strong trend. Key levels: support/pivot 177.55 (then S1 172.03), resistance at 183.07 (then 186.49). For an impatient buyer, the current price is close enough to support to be a reasonable long-term entry, with upside technically improving if it clears 183–186.

Options Data

Bullish

Open Interest Put-Call Ratio

Bullish

Option Volume Put-Call Ratio

Sentiment from options is moderately bullish: open interest put/call at 0.69 and volume put/call at 0.64 indicate more call interest than put interest. Implied volatility (30d) ~25.47 vs historical vol ~21.99 suggests options are pricing somewhat elevated near-term uncertainty, consistent with the known Dish/EchoStar overhang. Volume is not extreme (today’s volume 672 vs 5d avg ~580; vs 10d avg ~810), so this looks like steady positioning rather than panic hedging.

Technical Summary

Sell

Buy

Positive Catalysts

Dividend/income tailwinds: AMT’s dividend yield is ~3.8% and it is expected to raise quarterly dividends by ~5% in 2026 (income + growth appeal for long-term holders). Sector backdrop remains supportive for dividend REIT demand. Additional upside catalyst: any clarity/resolution around Dish/EchoStar payments would likely remove a valuation overhang. Analyst commentary from UBS/New Street/Morgan Stanley frames risk-reward as favorable after the selloff/dislocation.

Neutral/Negative Catalysts

Dish/EchoStar payment uncertainty is the key event risk and is explicitly cited by analysts as an overhang (BMO downgrade; multiple price-target cuts). Technical upside may be capped short-term if AMT fails to reclaim 183–186 resistance. Hedge fund and insider activity is neutral (no strong supportive flow signal). No notable politician/congress trading data to confirm external confidence.

Financial Performance

Latest quarter provided: 2025/Q3. Revenue grew to $2.717B (+7.74% YoY), indicating steady top-line expansion. However, net income fell sharply to $853.3M (-207.70% YoY) and EPS declined to 1.82 (-207.06% YoY), which signals significant earnings pressure versus last year’s quarter (often driven by non-recurring items in REIT accounting, but the data provided shows a clear YoY earnings drop). Gross margin was stable-to-slightly higher at 54.6% (+0.39% YoY), supporting the view that the business model remains operationally resilient even as reported earnings were weak.

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

Recent analyst trend is mixed: multiple price target cuts and one notable downgrade (BMO to Market Perform, PT to $185 from $210) tied to the Dish overhang. Offsetting that, several firms maintained or reiterated bullish stances (UBS Buy with PT $254; BofA Buy PT $210; Morgan Stanley Overweight PT $255) and New Street upgraded to Buy (PT $203) calling AMT the “most dislocated” after the selloff. Wall Street pros: durable infrastructure demand, attractive income/growth profile, and potential re-rating if overhang clears. Wall Street cons: customer concentration/collection risk (Dish/EchoStar) and near-term uncertainty reflected in reduced targets.

15 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 217.69 USD with a low forecast of 185 USD and a high forecast of 260 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.

10 Buy

5 Hold

0 Sell

Moderate Buy

Current: 177.510

Low

185

Averages

217.69

High

260

Current: 177.510

Low

185

Averages

217.69

High

260

UBS

Batya Levi

Buy

downgrade

$260 -> $254

AI Analysis

2026-01-20

Reason

UBS

Batya Levi

Price Target

$260 -> $254

AI Analysis

2026-01-20

downgrade

Buy

Reason

UBS analyst Batya Levi lowered the firm's price target on American Tower to $254 from $260 and keeps a Buy rating on the shares. Risk-reward is favorable for the Tower stocks in 2026, the analyst tells investors in a research note.

BMO Capital

Outperform

Market Perform

downgrade

$210 -> $185

2026-01-09

Reason

BMO Capital

Price Target

$210 -> $185

2026-01-09

downgrade

Outperform

Market Perform

Reason

BMO Capital downgraded American Tower to Market Perform from Outperform with a price target of $185, down from $210. The firm expects the company's Dish overhang "to linger." The timing and ultimate outcome of a resolution with Dish are unclear, the analyst tells investors in a research note.

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AMT Should I Buy

AMT Should I Buy

Should You Buy American Tower Corp (AMT) Today? Analysis, Price Targets, and 2026 Outlook.

Technical Analysis

Options Data

Technical Summary

Positive Catalysts

Neutral/Negative Catalysts

Financial Performance

Growth

Profitability

Efficiency

Analyst Ratings and Price Target Trends

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