American Tower: Strong Performance and Promising Outlook with Buy Rating from Ari Klein

Analyst Ari Klein from BMO Capital maintained a Buy rating on American Tower (AMT – Research Report) and keeping the price target at $235.00.

Ari Klein has given his Buy rating due to a combination of factors that highlight American Tower’s strong performance and promising outlook. The company reported impressive first-quarter results for 2025, surpassing expectations in revenue, EBITDA, and AFFOps. Notably, there has been a significant increase in carrier activity, with application growth of 30% quarter-over-quarter and 60% year-over-year, which indicates a robust demand environment.
Additionally, American Tower’s services revenue has seen substantial growth, marking the highest level since 2021, which suggests potential for future leasing opportunities. The company’s financial metrics, such as AFFOps and property revenue, have exceeded consensus estimates, further supporting the positive outlook. With sustainable demand trends, solid data center growth, and decreasing leverage, American Tower is positioned as a leading choice in the sector.

According to TipRanks, Klein is a 4-star analyst with an average return of 3.3% and a 53.30% success rate. Klein covers the Real Estate sector, focusing on stocks such as Crown Castle, Pebblebrook Hotel, and Ryman.

In another report released on April 22, Scotiabank also maintained a Buy rating on the stock with a $234.00 price target.