Analyst Michael Funk from Bank of America Securities reiterated a Buy rating on Crown Castle and keeping the price target at $115.00.
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Michael Funk’s rating is based on Crown Castle’s strategic positioning and financial performance. The company has demonstrated strong third-quarter results, surpassing both Bank of America and market expectations. This performance was driven by robust service revenues and a one-time tower revenue item, contributing to an increase in the 2025 guidance.
Additionally, Crown Castle’s focus on cost efficiencies, share buybacks, and dividend growth post-fiber divestiture positions it favorably in the market. The company’s domestic-only tower exposure and reduced churn risks post-2025 further support a premium valuation. These factors, alongside a constructive outlook for 2026 tower deployments, underpin the Buy rating and a price objective of $115.
Funk covers the Technology sector, focusing on stocks such as AST SpaceMobile, Zoom Video Communications, and Paycom. According to TipRanks, Funk has an average return of -8.8% and a 34.94% success rate on recommended stocks.