American Tower (NYSE:AMT) Given New $230.00 Price Target at JPMorgan Chase & Co.

Key Points

• JPMorgan lowered American Tower’s price target from $240 to $230 while maintaining an “overweight” rating, implying approximately 26.3% upside from the reported share price.
• American Tower’s quarterly EPS of $1.64 matched estimates, while revenue of $2.79 billion exceeded expectations and rose 2.5% year over year.
• The board authorized a $2 billion share-repurchase program, signaling management’s view that the stock may be undervalued; analysts overall rate AMT a “Moderate Buy,” with a consensus target of $214.40.

American Tower (NYSE:AMT - Get Free Report) had its price objective dropped by stock analysts at JPMorgan Chase & Co. from $240.00 to $230.00 in a research note issued to investors on Wednesday, Benzinga reports. The brokerage currently has an "overweight" rating on the real estate investment trust's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 26.30% from the stock's current price.

AMT has been the subject of several other research reports. The Goldman Sachs Group reissued a "buy" rating on shares of American Tower in a research report on Tuesday. BMO Capital Markets lifted their target price on shares of American Tower from $190.00 to $195.00 and gave the company a "market perform" rating in a report on Wednesday, July 29th. Truist Financial reaffirmed a "buy" rating and set a $207.00 price target (down from $208.00) on shares of American Tower in a research report on Wednesday, August 12th. Sanford C. Bernstein decreased their price target on shares of American Tower from $214.00 to $212.00 and set an "outperform" rating for the company in a research report on Tuesday, October 20th. Finally, Scotiabank reiterated an "outperform" rating on shares of American Tower in a report on Wednesday, July 29th. One investment analyst has rated the stock with a Strong Buy rating, seventeen have assigned a Buy rating and two have given a Hold rating to the company. According to MarketBeat, American Tower has an average rating of "Moderate Buy" and a consensus target price of $214.40.

American Tower Trading Down 0.9%

AMT traded down $1.72 on Wednesday, reaching $182.11. 2,246,515 shares of the company's stock were exchanged, compared to its average volume of 3,109,505. The company's 50 day moving average is $175.17 and its 200-day moving average is $177.12. The company has a market cap of $84.86 billion, a price-to-earnings ratio of 25.04, a PEG ratio of 3.03 and a beta of 0.88. American Tower has a twelve month low of $160.06 and a twelve month high of $202.50. The company has a debt-to-equity ratio of 3.12, a quick ratio of 0.52 and a current ratio of 0.52.

American Tower (NYSE:AMT - Get Free Report) last posted its quarterly earnings results on Tuesday, October 27th. The real estate investment trust reported $1.64 EPS for the quarter, meeting the consensus estimate of $1.64. The firm had revenue of $2.79 billion for the quarter, compared to analyst estimates of $2.76 billion. American Tower had a net margin of 31.08% and a return on equity of 32.76%. American Tower's revenue for the quarter was up 2.5% compared to the same quarter last year. During the same quarter last year, the firm posted $2.78 earnings per share. Equities analysts predict that American Tower will post 10.80 earnings per share for the current year.

American Tower announced that its board has initiated a stock buyback program on Tuesday, October 27th that permits the company to buy back $2 billion in outstanding shares. This buyback authorization permits the real estate investment trust to repurchase shares of its stock through open market purchases. Share buyback programs are usually an indication that the company's leadership believes its stock is undervalued.

Insider Buying and Selling

In other news, Director Rajesh Kalathur acquired 2,829 shares of the business's stock in a transaction on Friday, August 21st. The shares were purchased at an average price of $177.00 per share, for a total transaction of $500,733.00. Following the acquisition, the director directly owned 7,765 shares of the company's stock, valued at $1,374,405. This represents a 57.31% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.08% of the stock is owned by corporate insiders.

Institutional Trading of American Tower

Several large investors have recently modified their holdings of AMT. Raleigh Capital Management Inc. boosted its holdings in shares of American Tower by 489.1% in the first quarter. Raleigh Capital Management Inc. now owns 13,703 shares of the real estate investment trust's stock worth $2,365,000 after buying an additional 11,377 shares during the period. Canal Capital Management LLC lifted its position in shares of American Tower by 81.9% in the 1st quarter. Canal Capital Management LLC now owns 34,471 shares of the real estate investment trust's stock valued at $5,949,000 after acquiring an additional 15,520 shares in the last quarter. Bernzott Capital Advisors lifted its position in shares of American Tower by 29.3% in the 1st quarter. Bernzott Capital Advisors now owns 42,161 shares of the real estate investment trust's stock valued at $7,276,000 after acquiring an additional 9,556 shares in the last quarter. BIP Wealth LLC acquired a new position in American Tower in the 2nd quarter worth approximately $1,004,000. Finally, Groupe la Francaise boosted its stake in American Tower by 319.0% in the 2nd quarter. Groupe la Francaise now owns 33,505 shares of the real estate investment trust's stock worth $5,481,000 after purchasing an additional 25,508 shares during the period. 92.69% of the stock is currently owned by institutional investors and hedge funds.

Key Stories Impacting American Tower

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: 2026 guidance was raised for the third time. Management increased its full-year property revenue and adjusted funds from operations outlook, reinforcing the view that operating momentum remains intact. American Tower Raises Its 2026 Outlook For Third Time
• Positive Sentiment: Data-center growth was a key bright spot. CoreSite revenue increased 16.3%, supported by strong AI and cloud leasing activity, while American Tower raised its 2026 data-center revenue growth outlook to 16%. The company is also targeting 200–300 basis points of tower-margin expansion by 2030. American Tower raises 2026 data center revenue growth outlook
• Positive Sentiment: Cash-flow profitability exceeded expectations. Third-quarter FFO was $2.87 per share, above the $2.84 consensus and up from $2.78 a year earlier. The board also authorized a $2 billion share-repurchase program, which could support per-share results and signal that management views the stock as undervalued. American Tower Surpasses Q3 FFO and Revenue Estimates
• Neutral Sentiment: Reported EPS of $1.64 matched estimates, while revenue of $2.79 billion exceeded the $2.76 billion consensus and rose 2.5% year over year. The results were positive, but the relatively modest top-line growth may have limited enthusiasm. AMT Q3 AFFO and Revenues Rise
• Negative Sentiment: The stock declined after the report and underperformed some real-estate peers, indicating that investors may have expected an even stronger guidance increase or more acceleration in the core tower business. American Tower Stock Price Dips as Q3 Results Lift Guidance

About American Tower

American Tower Corporation NYSE: AMT is a real estate investment trust that owns, operates and develops wireless communications infrastructure. Its portfolio primarily includes communications towers, rooftop sites, distributed antenna systems and other infrastructure used by wireless carriers, broadcasters, governments and businesses to support voice, data and video communications.

The company leases space on its sites to multiple customers, allowing them to install antennas and related equipment without building and maintaining individual tower locations.

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