Here’s What Wall Street Thinks About American Tower Corporation (AMT)

Core Viewpoint - American Tower Corporation (NYSE:AMT) is identified as a strong investment opportunity for 2026, with multiple analysts reiterating Buy ratings and setting price targets of $200 and $260 [1][2]. Group 1: Analyst Ratings and Price Targets - Eric Luebchow from Wells Fargo has reiterated a Buy rating on AMT with a price target of $200 [1]. - Batya Levi from UBS has also maintained a Buy rating with a price target of $260 [1][2]. Group 2: Strategic Priorities and Growth Potential - Management presented at the UBS Global Media & Communications Conference, outlining strategic priorities for 2026, which include accelerating organic growth, reducing SG&A as a percentage of sales, and enhancing capital allocation discipline [2]. - Analysts expect that carriers will need to double their capacity over the next five years, positioning American Tower to benefit from increased infrastructure demand [3]. Group 3: Legal Matters - Regarding the Echostar litigation, management indicated a willingness to settle the issue outside of court, despite the potential for prolonged court proceedings [3]. Group 4: Company Overview - American Tower Corporation is one of the largest Real Estate Investment Trusts (REITs) in the United States, owning and managing communications real estate both domestically and internationally [4].