
American Tower (AMT) Stock Forecast & Price Target
American Tower (AMT) Analyst Ratings
Bulls say
American Tower's stock outlook is strengthened by robust double-digit revenue growth in its data center segment, with expectations of approximately 11% year-over-year growth in 2024, supported by rising data consumption and industry tailwinds. Following the acquisition of CoreSite in 2021, the company is positioned for its third consecutive record year in data center revenue, indicative of a solid performance driven by increasing carrier infrastructure spending and application activity. Moreover, ongoing international spending and densification efforts by U.S. carriers are anticipated to sustain mid-single-digit core organic revenue growth, with notable advancements in spectrum deployment on the company's towers, enhancing overall operational efficiency and growth potential.
Bears say
American Tower's outlook exhibits several fundamental concerns that contribute to a negative perspective on its stock performance. Capital expenditures are expected to decline significantly by 21% year-over-year in 2025, compounded by high churn rates in international markets, particularly in Latin America, which are anticipated to hinder organic growth and overall revenue. Additionally, the company's 2025 Adjusted Funds from Operations (AFFO) guidance of $10.405 per share falls short of both internal and consensus estimates, indicating ongoing financial pressures exacerbated by foreign exchange impacts and rising interest rates.
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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