TD Cowen analyst Michael Elias maintained a Buy rating on American Tower yesterday and set a price target of $249.00.
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Michael Elias has given his Buy rating due to a combination of factors, including American Tower’s recent financial performance and future growth prospects. Despite reporting mixed results for the second quarter of 2025, the company has raised its financial guidance for the year, indicating confidence in its ability to generate increased property revenue, EBITDA, and AFFO per share.
Furthermore, American Tower has shown promising growth in its Latin America and Africa/APAC segments, which offsets some concerns about slower-than-expected commencements from AT&T in the U.S. market. The management’s commentary on increasing activity and a healthy pipeline, with a significant rise in application volumes, supports a positive long-term outlook. These elements collectively underpin Michael Elias’s decision to maintain a Buy rating for American Tower’s stock.
In another report released yesterday, BMO Capital also maintained a Buy rating on the stock with a $245.00 price target.