American Tower Stock Forecast

Stock Price Forecast

The 13 analysts with 12-month price forecasts for American Tower stock have an average target of 221.77, with a low estimate of 196 and a high estimate of 248. The average target predicts an increase of 5.53% from the current stock price of 210.14.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$196	$221.77	$223	$248
Change	-6.73%	+5.53%	+6.12%	+18.02%

Analyst Ratings

The average analyst rating for American Tower stock from 13 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	4	3	2	3	3	4
Buy	7	7	6	7	7	7
Hold	1	1	2	2	2	2
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	12	11	10	12	12	13

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Eric Luebchow Wells Fargo	Wells Fargo	Buy Maintains $200 → $225	Buy	Maintains	$200 → $225	+7.07%	Jul 15, 2024
James Schneider Goldman Sachs	Goldman Sachs	Strong Buy Initiates $230	Strong Buy	Initiates	$230	+9.45%	Jul 1, 2024
Tim Long Barclays	Barclays	Buy Maintains $234 → $223	Buy	Maintains	$234 → $223	+6.12%	May 30, 2024
Maher Yaghi Scotiabank	Scotiabank	Buy Maintains $243 → $223	Buy	Maintains	$243 → $223	+6.12%	May 1, 2024
Ari Klein BMO Capital	BMO Capital	Buy Maintains $228 → $220	Buy	Maintains	$228 → $220	+4.69%	May 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

11.34B

from 11.14B

1.72%

from 11.14B

Revenue Next Year

10.98B

from 11.34B

-3.11%

from 11.34B

EPS This Year

6.72

from 3.18

111.19%

from 3.18

EPS Next Year

6.66

from 6.72

-0.86%

from 6.72

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028
Revenue	7.58B	8.04B	9.36B	10.71B	11.14B	11.34B	10.98B	11.49B	11.84B	12.65B
Revenue Growth	1.88%	6.08%	16.36%	14.47%	4.04%	1.72%	-3.11%	4.61%	3.08%	6.82%
EPS	4.24	3.79	5.66	3.82	3.18	6.72	6.66	7.12	7.49	8.20
EPS Growth	53.07%	-10.61%	49.34%	-32.51%	-16.75%	111.19%	-0.86%	6.94%	5.26%	9.43%
Forward PE	-	-	-	-	-	31.29	31.56	29.51	28.04	25.62
No. Analysts	-	-	-	-	-	16	16	13	2	2

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2024	2025	2026	2027	2028
High	12.0B	12.5B	13.3B	12.3B	13.2B
Avg	11.3B	11.0B	11.5B	11.8B	12.7B
Low	10.8B	10.2B	10.5B	11.5B	12.2B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028
High	7.6%	9.9%	20.7%	7.2%	11.7%
Avg	1.7%	-3.1%	4.6%	3.1%	6.8%
Low	-3.4%	-10.1%	-4.4%	-0.0%	3.1%

EPS Forecast

EPS	2024	2025	2026	2027	2028
High	7.34	7.46	8.29	7.79	8.53
Avg	6.72	6.66	7.12	7.49	8.20
Low	5.36	5.48	5.56	7.27	7.96

EPS Growth

EPS Growth	2024	2025	2026	2027	2028
High	130.8%	11.1%	24.6%	9.4%	13.8%
Avg	111.2%	-0.9%	6.9%	5.3%	9.4%
Low	68.6%	-18.4%	-16.5%	2.1%	6.2%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.