American Tower Corporation
AMT
$173.73
+1.58%
American Tower Corporation is a leading global REIT specializing in wireless communications infrastructure. It operates a vast portfolio of towers and data centers, leveraging its scale and strategic locations to serve major mobile carriers worldwide.
AMT
American Tower Corporation
$173.73
AMT 12-Month Price Forecast
Wall Street consensus
Most Wall Street analysts maintain a constructive view on American Tower Corporation's 12-month outlook, with a consensus price target around $225.85 and implied upside of +30.0% versus the current price.
Average Target
$225.85
5 analysts
Implied Upside
+30.0%
vs. current price
Analyst Count
5
covering this stock
Price Range
$139 - $226
Analyst target range
Wall Street analyst coverage shows a generally positive but cautious stance. Recent institutional ratings from firms like Truist Securities, Morgan Stanley, UBS, and JP Morgan maintain 'Buy' or 'Overweight' equivalents. However, BMO Capital downgraded the stock to 'Market Perform' from 'Outperform' in January 2026. The consensus among five analysts points to an estimated average EPS of $8.84 for the coming period, with revenue estimates averaging $13.25 billion.
AMT Technical Analysis
The stock has been in a significant downtrend over the past year, with the price declining 20.69% and underperforming the S&P 500 by 36.62%. The current price of $172.58 is near the lower end of its 52-week range of $165.08 to $234.33, sitting approximately 26% below the high. In the short term, the stock has declined 10.05% over the past month, which is worse than the S&P 500's 5.25% drop. However, over the last three months, it has shown relative strength, declining only 1.70% compared to the S&P 500's 4.63% fall. The price action shows volatility, with a sharp rally in mid-February to over $193 followed by a sell-off to recent lows. The stock is currently trading below its levels from six months ago, indicating persistent bearish pressure despite recent relative outperformance.
Beta
0.93
0.93x market volatility
Max Drawdown
-28.0%
Largest decline past year
52-Week Range
$165-$234
Price range past year
Annual Return
-20.3%
Cumulative gain past year
| Period | AMT Return | S&P 500 |
|---|---|---|
| 1m | -8.7% | -3.6% |
| 3m | -0.6% | -4.0% |
| 6m | -8.7% | -2.0% |
| 1y | -20.3% | +16.2% |
| ytd | -0.6% | -3.8% |
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AMT Fundamental Analysis
Revenue for Q4 2025 was $2.74 billion, representing a 7.47% year-over-year growth from Q4 2024. However, net income for the quarter was $821 million, a significant decline from $1.23 billion in the year-ago quarter, indicating pressure on profitability. The company's financial health is characterized by high leverage, with a debt-to-equity ratio of 12.31. Cash flow remains strong, with operating cash flow of $1.43 billion in Q4 2025 and free cash flow of $848 million, supporting dividends and capital expenditures. Operational efficiency metrics are mixed. The return on equity is exceptionally high at 69.26%, but this is largely driven by the high financial leverage. The current ratio is low at 0.63, indicating potential liquidity constraints relative to short-term obligations.
Quarterly Revenue
$2.7B
2025-12
Revenue YoY Growth
+0.07%
YoY Comparison
Gross Margin
+0.70%
Latest Quarter
Free Cash Flow
$3.8B
Last 12 Months
Revenue & Net Income Trends (2 Years)
Revenue Breakdown
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Valuation Analysis: Is AMT Overvalued?
Given the company's positive net income, the primary valuation metric is the P/E ratio. The trailing P/E ratio is 32.56, while the forward P/E is 24.88 based on estimated EPS of $8.84. The PEG ratio of 2.76 suggests the stock may be overvalued relative to its expected earnings growth. Other valuation metrics appear elevated. The price-to-sales ratio is 7.74, the EV/EBITDA is 20.56, and the price-to-book ratio is 22.55. These multiples reflect the premium typically assigned to infrastructure REITs with stable cash flows, but they are at high levels historically.
PE
32.6x
Latest Quarter
vs. Historical
Low-End
5-Year PE Range -36x~296x
vs. Industry Avg
N/A
Industry PE ~N/A*
EV/EBITDA
20.6x
Enterprise Value Multiple

