American Tower (AMT) Stock Forecast, Price Target & Predictions


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AMT Stock Forecast


American Tower stock forecast is as follows: an average price target of $254.71 (represents a 6.80% upside from AMT’s last price of $238.50) and a rating consensus of 'Buy', based on 13 wall street analysts offering a 1-year stock forecast.

AMT Price Target


The average price target for American Tower (AMT) is $254.71 based on 1-year price targets from 13 Wall Street analysts in the past 3 months, with a price target range of $300.00 to $216.00. This represents a potential 6.80% upside from AMT's last price of $238.50.

AMT Analyst Ratings


Buy

According to 13 Wall Street analysts, American Tower's rating consensus is 'Buy'. The analyst rating breakdown for AMT stock is 1 'Strong Buy' (7.69%), 11 'Buy' (84.62%), 1 'Hold' (7.69%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

American Tower Price Target by Analyst


DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Sep 13, 2024Michael RollinsCitigroup$255.00$237.147.53%6.92%
Sep 12, 2024Ari KleinBMO Capital$260.00$237.149.64%9.01%
Sep 12, 2024Vikram MalhotraMizuho Securities$221.00$234.91-5.92%-7.34%
Aug 15, 2024Jonathan AtkinRBC Capital$236.00$218.777.88%-1.05%
Jul 31, 2024Maher YaghiScotiabank$248.00$220.7212.36%3.98%
Jul 30, 2024Ari KleinBMO Capital$246.00$223.0510.29%3.14%
Jul 01, 2024James SchneiderGoldman Sachs$230.00$194.3818.32%-3.56%
May 01, 2024Ari KleinBMO Capital$220.00$171.8828.00%-7.76%
May 01, 2024Richard PrentissRaymond James$248.00$176.8440.24%3.98%
Apr 08, 2024Nick Del DeoMoffettNathanson$216.00$190.1713.58%-9.43%
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The latest American Tower stock forecast, released on Sep 13, 2024 by Michael Rollins from Citigroup, set a price target of $255.00, which represents a 7.53% increase from the stock price at the time of the forecast ($237.14), and a 6.92% increase from AMT last price ($238.50).

American Tower Price Target by Period


1M3M12M
# Anlaysts3711
Avg Price Target$245.33$242.29$235.00
Last Closing Price$238.50$238.50$238.50
Upside/Downside2.86%1.59%-1.47%

In the current month, the average price target of American Tower stock is $245.33, according to 3 Wall Street analysts offering twelve months forecast. The average price target represents a 2.86% increase as opposed to American Tower's last price of $238.50. This month's average price target is up 1.25% compared to last quarter, and up 4.40% compared to last year.

Analyst Ratings Upgrades/Downgrades


DateCompanyPrevious RatingNew RatingRating Change
Sep 13, 2024CitigroupBuyBuyHold
Sep 12, 2024BMO CapitalOutperformOutperformHold
Aug 15, 2024RBC CapitalOutperformOutperformHold
Aug 14, 2024Deutsche BankBuyBuyHold
Jul 31, 2024ScotiabankOutperformOutperformHold
Jul 31, 2024Cowen & Co.BuyBuyHold
Jul 30, 2024Goldman SachsBuyBuyHold
Jul 30, 2024BMO CapitalOutperformOutperformHold
May 01, 2024BMO CapitalOutperformOutperformHold
May 01, 2024Raymond JamesOutperformStrong BuyUpgrade
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American Tower's last stock rating was published by Citigroup on Sep 13, 2024. The company gave AMT a "Buy" rating, the same as its previous rate.

American Tower Financial Forecast


American Tower Revenue Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
Revenue------------$2.79B$2.82B$2.77B$2.77B$2.71B$2.67B$2.67B$2.66B$2.45B$2.45B$2.30B$2.16B$2.12B$2.01B$1.91B$1.99B$1.92B$1.95B
Avg Forecast$2.75B$2.75B$2.72B$2.72B$2.71B$2.71B$2.70B$2.68B$2.71B$2.83B$2.82B$2.79B$2.74B$2.76B$2.73B$2.74B$2.68B$2.64B$2.65B$2.60B$2.41B$2.41B$2.21B$2.16B$2.07B$1.97B$1.94B$1.99B$1.93B$1.87B
High Forecast$2.78B$2.78B$2.75B$2.75B$2.74B$2.74B$2.72B$2.71B$2.74B$2.87B$2.85B$2.82B$2.78B$2.79B$2.75B$2.77B$2.71B$2.67B$2.68B$2.63B$2.44B$2.44B$2.23B$2.19B$2.09B$1.99B$1.97B$2.01B$1.96B$1.90B
Low Forecast$2.72B$2.72B$2.69B$2.69B$2.68B$2.69B$2.67B$2.65B$2.68B$2.81B$2.79B$2.76B$2.71B$2.73B$2.70B$2.71B$2.65B$2.62B$2.62B$2.58B$2.39B$2.39B$2.19B$2.14B$2.04B$1.95B$1.92B$1.97B$1.91B$1.86B
# Analysts644643744976129995555666691599168
Surprise %------------1.02%1.02%1.02%1.01%1.01%1.01%1.01%1.02%1.01%1.02%1.04%1.00%1.03%1.02%0.98%1.00%0.99%1.04%

American Tower's average Quarter revenue forecast for Mar 24 based on 6 analysts is $2.79B, with a low forecast of $2.76B, and a high forecast of $2.82B. AMT's average Quarter revenue forecast represents a 0.25% increase compared to the company's last Quarter revenue of $2.79B (Dec 23).

American Tower EBITDA Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744976129995555666691599168
EBITDA------------$1.56B$1.85B$879.00M$1.50B$359.60M$2.05B$2.00B$1.80B$1.41B$1.61B$1.59B$1.42B$1.10B$1.17B$1.11B$1.12B$672.80M$1.32B
Avg Forecast$1.64B$1.64B$1.62B$1.62B$1.62B$1.62B$1.61B$1.60B$1.61B$1.69B$1.68B$1.33B$1.63B$1.65B$1.62B$1.21B$1.60B$1.21B$1.58B$1.10B$1.44B$1.44B$1.32B$1.22B$1.23B$1.17B$1.16B$1.25B$1.15B$1.12B
High Forecast$1.66B$1.66B$1.64B$1.64B$1.63B$1.63B$1.62B$1.62B$1.63B$1.71B$1.70B$1.60B$1.66B$1.66B$1.64B$1.45B$1.62B$1.45B$1.60B$1.32B$1.45B$1.45B$1.33B$1.47B$1.25B$1.19B$1.17B$1.50B$1.17B$1.13B
Low Forecast$1.62B$1.62B$1.60B$1.60B$1.60B$1.60B$1.59B$1.58B$1.60B$1.68B$1.66B$1.07B$1.61B$1.63B$1.61B$968.34M$1.58B$969.29M$1.56B$880.31M$1.42B$1.42B$1.30B$978.29M$1.22B$1.16B$1.15B$996.80M$1.14B$1.11B
Surprise %------------0.96%1.12%0.54%1.24%0.22%1.69%1.27%1.64%0.98%1.12%1.21%1.17%0.89%0.99%0.96%0.90%0.58%1.18%

6 analysts predict AMT's average Quarter EBITDA for Mar 24 to be $1.33B, with a high of $1.60B and a low of $1.07B. This is -14.75% lower than American Tower's previous annual EBITDA (Dec 23) of $1.56B.

American Tower Net Income Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744976129995555666691599168
Net Income------------$84.90M$586.90M$475.70M$335.80M$-716.60M$839.70M$898.20M$711.70M$441.20M$723.00M$746.30M$645.00M$365.10M$464.40M$446.10M$415.00M$562.70M$498.60M
Avg Forecast$860.72M$870.07M$823.29M$832.65M$804.12M$807.51M$790.55M$786.73M$746.67M$742.43M$739.96M$522.85M$440.86M$529.84M$513.06M$475.31M$488.05M$543.45M$448.66M$432.10M$536.67M$558.64M$597.00M$553.58M$587.00M$514.31M$486.63M$462.43M$479.45M$445.64M
High Forecast$872.05M$881.52M$834.13M$843.61M$814.70M$818.13M$800.96M$797.08M$756.50M$773.96M$749.70M$627.41M$450.97M$536.82M$519.82M$570.38M$494.47M$652.15M$455.24M$518.52M$544.54M$566.84M$605.76M$664.30M$595.62M$521.85M$493.77M$554.91M$486.49M$452.18M
Low Forecast$849.07M$858.30M$812.16M$821.39M$793.23M$796.58M$779.85M$776.08M$736.56M$722.36M$729.95M$418.28M$402.44M$522.67M$506.12M$380.25M$481.44M$434.76M$442.76M$345.68M$529.61M$551.29M$589.15M$442.87M$579.29M$507.54M$480.23M$369.94M$473.15M$439.77M
Surprise %------------0.19%1.11%0.93%0.71%-1.47%1.55%2.00%1.65%0.82%1.29%1.25%1.17%0.62%0.90%0.92%0.90%1.17%1.12%

American Tower's average Quarter net income forecast for Mar 24 is $522.85M, with a range of $418.28M to $627.41M. AMT's average Quarter net income forecast represents a 515.84% increase compared to the company's last Quarter net income of $84.90M (Dec 23).

American Tower SG&A Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744976129995555666691599168
SG&A-------------$231.90M$244.40M$263.90M$224.30M$231.20M$222.90M$293.90M$215.90M$205.90M$207.20M$182.60M$196.30M$176.00M$188.60M$217.80M$179.60M$187.90M
Avg Forecast$252.82M$252.80M$249.95M$249.88M$249.28M$249.57M$247.85M$246.69M$249.06M$260.37M$258.99M$215.91M$251.75M$253.98M$250.59M$196.28M$246.62M$154.77M$243.71M$178.44M$221.70M$221.64M$203.18M$156.72M$189.95M$181.23M$178.81M$242.69M$177.79M$172.33M
High Forecast$255.38M$255.36M$252.48M$252.41M$251.80M$252.10M$250.36M$249.19M$251.58M$264.03M$261.61M$259.09M$255.44M$256.55M$253.13M$235.54M$249.12M$185.72M$246.46M$214.13M$224.20M$224.14M$205.48M$188.06M$192.09M$183.28M$180.83M$291.23M$179.79M$174.27M
Low Forecast$250.19M$250.17M$247.34M$247.28M$246.68M$246.97M$245.27M$244.13M$246.47M$258.53M$256.29M$172.73M$248.98M$251.33M$247.98M$157.03M$244.06M$123.81M$241.24M$142.75M$219.46M$219.40M$201.13M$125.38M$188.02M$179.40M$177.00M$194.15M$175.99M$170.59M
Surprise %-------------0.91%0.98%1.34%0.91%1.49%0.91%1.65%0.97%0.93%1.02%1.17%1.03%0.97%1.05%0.90%1.01%1.09%

American Tower's average Quarter SG&A projection for Dec 23 is $251.75M, based on 12 Wall Street analysts, with a range of $248.98M to $255.44M. The forecast indicates a 8.56% rise compared to AMT last annual SG&A of $231.90M (Sep 23).

American Tower EPS Forecast

Dec 26Sep 26Jun 26Mar 26Dec 25Sep 25Jun 25Mar 25Dec 24Sep 24Jun 24Mar 24Dec 23Sep 23Jun 23Mar 23Dec 22Sep 22Jun 22Mar 22Dec 21Sep 21Jun 21Mar 21Dec 20Sep 20Jun 20Mar 20Dec 19Sep 19
# Analysts644643744976129995555666691599168
EPS------------$0.18$1.26$1.02$0.72$-1.54$1.80$1.96$1.56$0.97$1.59$1.66$1.45$0.82$1.05$1.01$0.94$1.27$1.13
Avg Forecast$1.84$1.86$1.76$1.78$1.72$1.73$1.69$1.68$1.60$1.59$1.58$1.76$0.94$1.13$1.10$1.09$1.04$1.12$0.96$1.11$1.15$1.19$1.28$1.26$1.25$1.10$1.04$1.05$1.02$0.95
High Forecast$1.86$1.88$1.78$1.80$1.74$1.75$1.71$1.70$1.62$1.65$1.60$1.78$0.96$1.15$1.11$1.11$1.06$1.13$0.97$1.13$1.16$1.21$1.29$1.28$1.27$1.12$1.06$1.07$1.04$0.97
Low Forecast$1.82$1.83$1.74$1.76$1.70$1.70$1.67$1.66$1.57$1.54$1.56$1.74$0.86$1.12$1.08$1.08$1.03$1.10$0.95$1.10$1.13$1.18$1.26$1.24$1.24$1.08$1.03$1.04$1.01$0.94
Surprise %------------0.19%1.11%0.93%0.66%-1.48%1.61%2.04%1.40%0.85%1.33%1.30%1.15%0.65%0.96%0.97%0.89%1.24%1.19%

According to 6 Wall Street analysts, American Tower's projected average Quarter EPS for Mar 24 is $1.76, with a low estimate of $1.74 and a high estimate of $1.78. This represents a 878.36% increase compared to AMT previous annual EPS of $0.18 (Dec 23).

American Tower Peer Comparison by Price Target


TickerCompanyLast Closing PriceAvg Price TargetUpside/DownsideAvg Rating
SBACSBA Communications$242.95$315.8229.99%Buy
CCICrown Castle$118.85$139.1017.04%Hold
HASIHannon Armstrong Sustainable Infrastructure Capital$34.70$38.8011.82%Buy
AMTAmerican Tower$238.50$254.716.80%Buy
GLPIGaming and Leisure Properties$51.62$54.255.09%Buy
EPREPR Properties$48.73$50.503.63%Hold
EQIXEquinix$871.54$869.83-0.20%Buy
DLRDigital Realty Trust$158.93$155.00-2.47%Buy
IRMIron Mountain$117.06$68.80-41.23%Buy

AMT Forecast FAQ


Yes, according to 13 Wall Street analysts, American Tower (AMT) is considered a 'Buy'. The rating consensus is based on 1 'Strong Buy' and 11 'Buy' recommendations, accounting for 92.31% of AMT's total ratings.

American Tower (AMT) average price target is $254.71 with a range of $216 to $300, implying a 6.80% from its last price of $238.5. The data is based on 13 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

According to Wall Street analysts' prediction for AMT stock, the company can go up by 6.80% (from the last price of $238.5 to the average price target of $254.71), up by 25.79% based on the highest stock price target, and down by -9.43% based on the lowest stock price target.

AMT's average twelve months analyst stock price target of $254.71 does not support the claim that American Tower can reach $400 in the near future.

3 Wall Street analysts forecast a $245.33 price target for American Tower (AMT) this month, up 2.86% from its last price of $238.5. Compared to the last 3 and 12 months, the average price target increased by 1.59% and decreased by -1.47%, respectively.

American Tower's analysts financial forecasts for the fiscal year (Dec 2025) are as follows: average revenue is $10.8B (high $10.91B, low $10.69B), average EBITDA is $6.44B (high $6.51B, low $6.37B), average net income is $3.19B (high $3.23B, low $3.15B), average SG&A $993.4M (high $1B, low $983.06M), and average EPS is $6.82 (high $6.91, low $6.72). AMT's analysts financial forecasts for the fiscal year (Dec 2026) are as follows: average revenue is $10.93B (high $11.05B, low $10.82B), average EBITDA is $6.52B (high $6.58B, low $6.45B), average net income is $3.39B (high $3.43B, low $3.34B), average SG&A $1.01B (high $1.02B, low $994.98M), and average EPS is $7.24 (high $7.34, low $7.14).

Based on American Tower's last annual report (Dec 2023), the company's revenue was $11.14B, beating the average analysts forecast of $10.96B by 1.64%. Apple's EBITDA was $6.51B, beating the average prediction of $6.11B by 6.54%. The company's net income was $1.48B, missing the average estimation of $1.96B by -24.29%. Apple's SG&A was $992.5M, beating the average forecast of $952.6M by 4.19%. Lastly, the company's EPS was $3.18, missing the average prediction of $4.27 by -25.45%. In terms of the last quarterly report (Dec 2023), American Tower's revenue was $2.79B, beating the average analysts' forecast of $2.74B by 1.79%. The company's EBITDA was $1.56B, missing the average prediction of $1.63B by -4.31%. American Tower's net income was $84.9M, missing the average estimation of $440.86M by -80.74%. The company's SG&A was $0, missing the average forecast of $251.75M by -100.00%. Lastly, the company's EPS was $0.18, missing the average prediction of $0.942 by -80.90%