Core Insights - American Tower Corporation (AMT) has a market cap of $83.4 billion and is a leading global REIT focused on multitenant communications real estate, with over 149,000 communications sites and a growing U.S. data center network [1] - AMT's stock has underperformed the broader market, dropping 9.8% over the past 52 weeks, while the S&P 500 Index has risen 13.4% [2] - Despite reporting better-than-expected Q3 2025 AFFO of $2.78 per share and revenues of $2.72 billion, AMT's shares fell 3.7% due to flat property revenue in the U.S. and Canada [4] Financial Performance - For the fiscal year ending December 2025, analysts expect AMT's AFFO per share to decline by 2.3% year-over-year to $10.30 [5] - The company raised its 2025 property revenue guidance to between $10.21 billion and $10.29 billion, but disclosed $30 million in revenue reserves related to legal disputes [4] Analyst Ratings and Price Targets - Among 23 analysts covering AMT, the consensus rating is a "Strong Buy," with 16 "Strong Buy" ratings, one "Moderate Buy," and six "Holds" [5] - Argus analyst lowered the price target on AMT to $210 while maintaining a "Buy" rating, with a mean price target of $230.20 indicating a 29.3% premium to the current price [6]

Core Insights - American Tower Corporation (AMT) has a market cap of $89.7 billion and is a leading independent owner, operator, and developer of multitenant communications real estate with nearly 150,000 communications sites [1] - The company is expected to report a fiscal Q3 2025 AFFO of $2.55 per share, a 3.4% decrease from the previous year, but has a strong track record of exceeding Wall Street estimates [2] - For fiscal 2025, analysts forecast an AFFO of $10.21 per share, down 3.1% from fiscal 2024, but expect a 6.5% year-over-year growth to $10.87 per share in fiscal 2026 [3] Performance Overview - American Tower shares have declined 15.8% over the past 52 weeks, underperforming the S&P 500 Index's 13.5% gain and the Real Estate Select Sector SPDR Fund's 6.6% decrease [4] - On July 29, shares fell 4.2% after the company lowered its 2025 organic tenant billings growth outlook to about 4.3% and cut its leasing forecast by approximately $5 million, alongside a reduced net income forecast due to weaker foreign currency impacts [5] Analyst Sentiment - The consensus view on AMT stock is strongly optimistic, with a "Strong Buy" rating from 16 out of 23 analysts, one "Moderate Buy," and six "Hold" recommendations [6] - The average analyst price target for American Tower is $240.30, indicating a potential upside of 25.5% from current levels [6]