
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower recently reported a 5.5% increase in gross profit quarter-over-quarter, reaching $159 million, driven by higher revenue and an expansion of gross margins to 60.7%. The company anticipates accelerated growth supported by the demand from DISH's fourth facilities-based network and a potential churn improvement in India. Additionally, CoreSite's robust performance showcased a year-over-year growth of 13.5% and a sequential increase in rental revenues by approximately 7%, further reinforcing the positive outlook for American Tower's stock.
Bears say
American Tower's financial outlook is negatively impacted by its concentration in a limited customer base within the wireless tower market, with the top few mobile carriers generating most of its revenue. The company's recent financial performance indicates subdued growth, specifically a 20 basis point decline in international organic tenant billings growth for the second quarter, driven by lower escalators despite lower churn rates. Additionally, potential risks from network consolidation and evolving technologies, such as femtocells, may lead to reduced demand for tower sites, further pressuring American Tower's mid-term growth expectations.
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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