American Tower, the Real Estate sector company, was revisited by a Wall Street analyst yesterday. Analyst Michael Elias from TD Cowen reiterated a Buy rating on the stock and has a $225.00 price target.
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Michael Elias has given his Buy rating due to a combination of factors including American Tower’s better‑than‑expected first‑quarter performance and an improved 2026 outlook driven largely by favorable foreign exchange and accelerated revenue recognition from AT&T Mexico. He views 2026 as a temporary low point for AFFO per share growth, with a meaningful rebound expected from 2027 onward as churn pressures ease, margins improve, and the interconnection data center portfolio contributes more to value.
Elias also emphasizes that the core North American tower business remains fundamentally sound, with underlying tenant billing growth looking healthier once the DISH impact is stripped out. Management’s confidence in long‑term demand, underpinned by rising mobile data usage, 5G densification, and capacity upgrades, supports his constructive view, and he keeps his price target unchanged at $225, reflecting ongoing conviction in the stock’s upside potential.
In another report released on April 15, Mizuho Securities also upgraded the stock to a Buy with a $205.00 price target.
Based on the recent corporate insider activity of 42 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of AMT in relation to earlier this year.