Ari Klein, an analyst from BMO Capital, maintained the Buy rating on American Tower (AMT – Research Report). The associated price target was raised to $220.00.
Ari Klein has given his Buy rating due to a combination of factors that highlight American Tower’s strong positioning and growth potential. Despite a slightly softer 2025 guidance, the company’s underlying growth remains robust, supported by a healthy increase in U.S. carrier activity and a significant rise in 5G deployments. Additionally, the international growth outlook for 2025 is promising, exceeding previous expectations, which further strengthens the company’s global presence.
Ari Klein also notes the strong demand for data centers, with record leasing and anticipated revenue growth acceleration in 2025. Furthermore, American Tower’s declining leverage is seen as a positive indicator of financial health. These factors collectively contribute to the Buy rating, as they demonstrate the company’s ability to navigate challenges and capitalize on growth opportunities in the communications infrastructure sector.
Klein covers the Real Estate sector, focusing on stocks such as SBA Communications, Ryman, and Park Hotels & Resorts. According to TipRanks, Klein has an average return of 4.8% and a 55.38% success rate on recommended stocks.
In another report released yesterday, Citi also reiterated a Buy rating on the stock with a $220.00 price target.