Analyst Batya Levi of UBS maintained a Buy rating on American Tower, with a price target of $260.00.
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Batya Levi has given his Buy rating due to a combination of factors that highlight American Tower’s strong growth potential and strategic priorities. The company’s focus on maximizing organic growth across regions, particularly in developed markets, is a key driver. With the expectation that carriers will need to double their capacity over the next five years, American Tower is well-positioned to benefit from increased demand for its infrastructure.
Furthermore, the transition of 5G from the coverage phase to the quality and capacity phase is expected to drive amendment activity and densification, which will further support growth. Despite challenges like the Echostar litigation and carrier consolidation in certain regions, American Tower’s management remains confident in achieving mid-single-digit growth in the U.S. and Europe. Additionally, positive leasing trends in Brazil and a strong leasing environment in Africa contribute to the company’s long-term growth outlook.
According to TipRanks, Levi is an analyst with an average return of -3.0% and a 45.33% success rate. Levi covers the Communication Services sector, focusing on stocks such as Warner Music Group, Live Nation Entertainment, and Spotify.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Buy rating on the stock with a $202.00 price target.