Crown Castle (NYSE:CCI) Price Target Lowered to $120.00 at Citizens Jmp

Key Points

• Citizens JMP lowered its price target on Crown Castle to $120 from $125, while keeping a market outperform rating. The new target still implies significant upside from the current share price.
• Other analysts remain mixed but generally constructive, with recent target cuts from JPMorgan and TD Cowen offset by raised targets from Raymond James and KeyCorp. Overall, MarketBeat shows a Moderate Buy consensus and an average target price of $96.34.
• Crown Castle’s latest earnings topped expectations, but revenue declined year over year and several analysts have still trimmed their targets. The company’s shares opened at $74.64, near their 12-month low of $73.75.

Crown Castle (NYSE:CCI - Get Free Report) had its price target decreased by equities researchers at Citizens Jmp from $125.00 to $120.00 in a research note issued to investors on Friday,Benzinga reports. The firm currently has a "market outperform" rating on the real estate investment trust's stock. Citizens Jmp's price objective indicates a potential upside of 60.77% from the company's current price.

Other analysts have also issued reports about the company. JPMorgan Chase & Co. lowered their price objective on Crown Castle from $95.00 to $85.00 and set a "neutral" rating for the company in a report on Thursday. TD Cowen decreased their target price on Crown Castle from $94.00 to $92.00 and set a "buy" rating for the company in a research report on Thursday. Raymond James Financial boosted their price target on Crown Castle from $102.00 to $108.00 and gave the company a "strong-buy" rating in a report on Thursday, April 23rd. Citigroup reissued a "market outperform" rating on shares of Crown Castle in a research report on Friday. Finally, KeyCorp raised their price objective on Crown Castle from $98.00 to $105.00 and gave the stock an "overweight" rating in a research note on Thursday, April 23rd. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $96.34.

Crown Castle Price Performance

CCI opened at $74.64 on Friday. Crown Castle has a 12-month low of $73.75 and a 12-month high of $115.76. The stock has a market capitalization of $32.58 billion, a PE ratio of 37.89, a P/E/G ratio of 0.39 and a beta of 0.95. The firm's fifty day moving average price is $84.61 and its 200 day moving average price is $85.82.

Crown Castle (NYSE:CCI - Get Free Report) last released its earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.55. The company had revenue of $1.01 billion during the quarter, compared to the consensus estimate of $995.41 million. Crown Castle had a net margin of 20.71% and a negative return on equity of 63.77%. The company's revenue was down 4.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.10 EPS. On average, equities research analysts forecast that Crown Castle will post 4.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Crown Castle

Large investors have recently added to or reduced their stakes in the stock. Empowered Funds LLC raised its holdings in shares of Crown Castle by 7.5% during the first quarter. Empowered Funds LLC now owns 16,444 shares of the real estate investment trust's stock valued at $1,714,000 after buying an additional 1,150 shares during the last quarter. First Trust Advisors LP increased its position in Crown Castle by 6.9% in the 2nd quarter. First Trust Advisors LP now owns 87,611 shares of the real estate investment trust's stock valued at $9,000,000 after acquiring an additional 5,630 shares during the period. Baird Financial Group Inc. raised its stake in Crown Castle by 3.7% during the 2nd quarter. Baird Financial Group Inc. now owns 7,655 shares of the real estate investment trust's stock valued at $786,000 after acquiring an additional 272 shares in the last quarter. Jump Financial LLC boosted its position in Crown Castle by 49.3% during the 2nd quarter. Jump Financial LLC now owns 10,913 shares of the real estate investment trust's stock worth $1,121,000 after acquiring an additional 3,603 shares during the period. Finally, Federated Hermes Inc. boosted its position in Crown Castle by 5.6% during the 2nd quarter. Federated Hermes Inc. now owns 4,955 shares of the real estate investment trust's stock worth $509,000 after acquiring an additional 261 shares during the period. 90.77% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Crown Castle

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle reported Q2 FFO and AFFO above expectations, with stronger-than-expected cash flow helped by lower interest expense, which supports dividend and valuation stability. Crown Castle Q2 AFFO Beats Estimates on Lower Interest Expense
• Positive Sentiment: The company raised its 2026 outlook, including higher AFFO per share guidance, signaling management is more confident in the year ahead. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Positive Sentiment: Several analysts kept constructive ratings despite trimming targets, including TD Cowen and RBC, suggesting Wall Street still sees upside from current levels. Analyst price target changes
• Neutral Sentiment: Crown Castle is reshaping the business through asset sales, debt repayment, and more land investment, which may help long-term strategy but creates near-term uncertainty. Crown Castle Q2 AFFO Beats Estimates on Lower Interest Expense
• Negative Sentiment: GAAP EPS came in below analyst expectations, and site-rental revenue was pressured, keeping attention on slower top-line growth in the core business. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Negative Sentiment: Despite the improved outlook, multiple firms lowered price targets, including JPMorgan, which cut its target to $85 from $95, reflecting continued caution around the stock. Analyst price target changes

Crown Castle Company Profile

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company's assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.

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