The Goldman Sachs Group Has Lowered Expectations for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price target decreased by equities researchers at The Goldman Sachs Group from $230.00 to $210.00 in a research note issued on Friday,MarketScreener reports. The brokerage currently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price objective indicates a potential upside of 14.24% from the company’s current price.

Several other brokerages have also recently weighed in on AMT. New Street Research upgraded shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price objective on the stock in a research note on Monday, January 5th. Citigroup reiterated a “market outperform” rating on shares of American Tower in a research report on Wednesday, October 29th. Raymond James Financial reissued a “strong-buy” rating and set a $231.00 price objective (down previously from $250.00) on shares of American Tower in a research report on Wednesday, October 29th. HSBC decreased their target price on American Tower from $235.00 to $205.00 in a report on Wednesday, October 29th. Finally, Argus set a $210.00 price target on American Tower in a report on Thursday, October 30th. Two research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and seven have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $219.21.

American Tower Price Performance

NYSE AMT opened at $183.82 on Friday. The stock has a market capitalization of $86.06 billion, a price-to-earnings ratio of 29.36, a PEG ratio of 0.74 and a beta of 0.92. American Tower has a 1-year low of $166.88 and a 1-year high of $234.33. The company has a debt-to-equity ratio of 3.24, a current ratio of 0.89 and a quick ratio of 0.89. The business’s fifty day moving average price is $177.86 and its 200-day moving average price is $193.24.

American Tower (NYSE:AMT) last posted its quarterly earnings data on Tuesday, October 28th. The real estate investment trust reported $2.78 EPS for the quarter, beating analysts’ consensus estimates of $2.64 by $0.14. American Tower had a return on equity of 28.79% and a net margin of 28.11%.The company had revenue of $2.72 billion during the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the business earned $2.52 earnings per share. American Tower’s revenue for the quarter was up 7.7% compared to the same quarter last year. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. On average, equities analysts predict that American Tower will post 10.14 earnings per share for the current year.

Insider Transactions at American Tower

In other American Tower news, Director Eugene F. Reilly acquired 5,554 shares of the stock in a transaction dated Friday, October 31st. The shares were acquired at an average cost of $178.99 per share, for a total transaction of $994,110.46. Following the completion of the transaction, the director directly owned 5,689 shares of the company’s stock, valued at approximately $1,018,274.11. The trade was a 4,114.07% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the company’s stock in a transaction dated Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider directly owned 211,379 shares of the company’s stock, valued at approximately $14,743,685.25. This trade represents a 91.54% decrease in their position. The disclosure for this sale is available in the SEC filing. 0.17% of the stock is owned by company insiders.

Institutional Investors Weigh In On American Tower

Several institutional investors and hedge funds have recently modified their holdings of AMT. Abound Wealth Management grew its stake in American Tower by 137.3% during the third quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares in the last quarter. Holos Integrated Wealth LLC purchased a new position in shares of American Tower during the fourth quarter valued at about $27,000. Triumph Capital Management bought a new stake in shares of American Tower in the third quarter worth about $29,000. Legacy Investment Solutions LLC bought a new stake in shares of American Tower in the second quarter worth about $31,000. Finally, Root Financial Partners LLC purchased a new stake in shares of American Tower in the third quarter worth about $32,000. Institutional investors own 92.69% of the company’s stock.

Key American Tower News

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

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

About American Tower

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.