American Tower Corporation (AMT)
NYSE: AMT · IEX Real-Time Price · USD
194.85
+0.68 (0.35%)
At close: Jun 21, 2024, 4:00 PM
192.59
-2.26 (-1.16%)
After-hours: Jun 21, 2024, 7:54 PM EDT

American Tower Stock Forecast

Stock Price Forecast

The 12 analysts with 12-month price forecasts for American Tower stock have an average target of 219.83, with a low estimate of 196 and a high estimate of 248. The average target predicts an increase of 12.82% from the current stock price of 194.85.

Analyst Consensus: Buy
Target Low Average Median High
Price $196 $219.83 $223 $248
Change +0.59% +12.82% +14.45% +27.28%

Analyst Ratings

The average analyst rating for American Tower stock from 12 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 Jan '24Feb '24Mar '24Apr '24May '24Jun '24
Strong Buy 443233
Buy 977677
Hold 111222
Sell 000000
Strong Sell 000000
Total 141211101212

Latest Forecasts

Analyst Firm Rating Rating Action Price Target Upside Date
Barclays
Barclays
Buy
Maintains
$234$223
Buy Maintains $234$223 +14.45% May 30, 2024
Scotiabank
Scotiabank
Buy
Maintains
$243$223
Buy Maintains $243$223 +14.45% May 1, 2024
BMO Capital
BMO Capital
Buy
Maintains
$228$220
Buy Maintains $228$220 +12.91% May 1, 2024
Raymond James
Raymond James
Strong Buy
Upgrades
$226$248
Strong Buy Upgrades $226$248 +27.28% May 1, 2024
Morgan Stanley
Morgan Stanley
Hold
Maintains
$183$196
Hold Maintains $183$196 +0.59% Apr 15, 2024
More Analyst Ratings

Financial Forecast

Revenue This Year
11.34B
from 11.14B
Increased by 1.72%
Revenue Next Year
10.98B
from 11.34B
Decreased by -3.11%
EPS This Year
6.72
from 3.18
Increased by 111.19%
EPS Next Year
6.66
from 6.72
Decreased by -0.86%
Year 2019202020212022202320242025202620272028
Revenue
7.58B8.04B9.36B10.71B11.14B11.34B10.98B11.49B11.84B12.65B
Revenue Growth
1.88%6.08%16.36%14.47%4.04%1.72%-3.11%4.61%3.08%6.82%
EPS
4.243.795.663.823.186.726.667.127.498.20
EPS Growth
53.07%-10.61%49.34%-32.51%-16.75%111.19%-0.86%6.94%5.26%9.43%
Forward PE
-----29.0129.2727.3726.0023.76
No. Analysts -----16161322
Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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 20242025202620272028
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.