TD Cowen analyst Michael Elias has reiterated their bullish stance on AMT stock, giving a Buy rating today.
Michael Elias has given his Buy rating due to a combination of factors including American Tower’s strong first-quarter results for 2025 and the company’s decision to raise its guidance for the year. The updated guidance, which includes increased expectations for revenue, EBITDA, and AFFO per share, is seen as conservative but prudent given the current macroeconomic uncertainties.
Furthermore, management’s commentary is viewed positively, and despite the lack of immediate evidence of increased carrier activity in the U.S., the long-term outlook for American Tower remains favorable. The company’s defensive nature and the potential financial benefits from current foreign exchange rates contribute to the positive assessment, supporting the Buy rating.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $235.00 price target.