
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower is supported by a high-quality, globally diversified tower and data center portfolio, with over 70% of property NOI and a greater share of AFFO coming from developed markets and roughly 10% of property revenue from CoreSite, which is benefiting from AI, cloud, and digital transformation demand. Its outlook improves as churn from DISH and Latin America M&A rolls off, while Europe’s 700-plus 2026 builds and strong traffic growth, plus about 10.5% organic growth in Africa and APAC, point to stronger tower growth ahead. Financially, leverage is now below 5x, AFFO/share growth is expected to accelerate from +3% this year to +5% in 2027E and +7% in 2028E, and the balance sheet supports buybacks and dividend growth.
Bears say
American Tower is facing a weaker fundamental setup because organic tenant billings growth slowed sharply, with net growth falling to 1.7% from 5.9% and U.S./Canada growth at just 0.6%, while LatAm turned negative at -2.0% and DISH churn continues to pressure results. The business remains highly exposed to concentrated carrier spending and possible declines in U.S. wireless capex, and management already flagged 2026 as a period of suppressed carrier activity as new spectrum does not require incremental capital. Although CoreSite is growing about 18% and management reiterated 13% full-year growth, that strength is not enough to offset volatility in Africa and LatAm, F/X and M&A churn, refinancing costs in 2026, and satellite-related risks.
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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