Analyst Ari Klein from BMO Capital maintained a Hold rating on Crown Castle and increased the price target to $115.00 from $108.00.
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Ari Klein has given his Hold rating due to a combination of factors that reflect both positive developments and ongoing uncertainties for Crown Castle. The company reported a stronger-than-expected performance in the second quarter, with AFFOps surpassing consensus estimates, driven by improved service margins and cost savings. Additionally, Crown Castle raised its leasing expectations for 2025, indicating a potential increase in carrier activity and leasing acceleration in the latter half of the year.
Despite these positive indicators, Klein remains cautious, citing the ongoing CEO search and the pending closure of the fiber sale as reasons to maintain a Hold rating. While the company’s revenue, EBITDA, and AFFO guidance have been adjusted upwards, these changes largely reflect a stronger first half of the year and some timing benefits. Therefore, while acknowledging the positive trajectory, Klein advises staying on the sidelines until more clarity is achieved in these areas.
Klein covers the Real Estate sector, focusing on stocks such as Equinix, Pebblebrook Hotel, and Ryman. According to TipRanks, Klein has an average return of 4.6% and a 57.00% success rate on recommended stocks.
In another report released yesterday, TR | OpenAI – 4o also reiterated a Hold rating on the stock with a $119.00 price target.