The Goldman Sachs Group Has Lowered Expectations for American Tower (NYSE:AMT) Stock Price

American Tower (NYSE:AMT) had its price target reduced by equities researchers at The Goldman Sachs Group from $230.00 to $210.00 in a report issued on Friday,MarketScreener reports. The firm currently has a “buy” rating on the real estate investment trust’s stock. The Goldman Sachs Group’s price target points to a potential upside of 14.24% from the stock’s current price.

A number of other brokerages also recently commented on AMT. Royal Bank Of Canada cut their target price on shares of American Tower from $220.00 to $195.00 and set a “sector perform” rating on the stock in a research note on Monday, January 12th. New Street Research raised shares of American Tower from a “neutral” rating to a “buy” rating and set a $203.00 price target on the stock in a research note on Monday, January 5th. BMO Capital Markets cut American Tower from an “outperform” rating to a “market perform” rating and lowered their price objective for the company from $210.00 to $185.00 in a research report on Friday, January 9th. Weiss Ratings reiterated a “hold (c)” rating on shares of American Tower in a research report on Monday, December 29th. Finally, Jefferies Financial Group cut their target price on American Tower from $226.00 to $202.00 and set a “buy” rating for the company in a research report on Tuesday, December 16th. Two analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and seven have given a Hold rating to the company. According to MarketBeat, American Tower has an average rating of “Moderate Buy” and an average price target of $219.21.

American Tower Trading Up 1.3%

Shares of AMT opened at $183.82 on Friday. The firm’s fifty day moving average is $177.86 and its two-hundred day moving average is $193.45. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 3.24. The stock has a market cap of $86.06 billion, a PE ratio of 29.36, a price-to-earnings-growth ratio of 0.73 and a beta of 0.92. American Tower has a 52-week low of $166.88 and a 52-week high of $234.33.

American Tower (NYSE:AMT) last issued its quarterly earnings results on Tuesday, October 28th. The real estate investment trust reported $2.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.64 by $0.14. American Tower had a net margin of 28.11% and a return on equity of 28.79%. The business had revenue of $2.72 billion for the quarter, compared to analysts’ expectations of $2.65 billion. During the same quarter in the prior year, the company earned $2.52 earnings per share. The business’s quarterly revenue was up 7.7% on a year-over-year basis. American Tower has set its FY 2025 guidance at 10.600-10.720 EPS. Research analysts forecast that American Tower will post 10.14 earnings per share for the current fiscal year.

Insider Activity at American Tower

In related news, major shareholder Tower Corp /Ma/ American sold 2,288,621 shares of the stock in a transaction on Tuesday, December 9th. The stock was sold at an average price of $69.75, for a total value of $159,631,314.75. Following the completion of the transaction, the insider owned 211,379 shares in the company, valued at $14,743,685.25. This trade represents a 91.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Eugene F. Reilly purchased 5,554 shares of American Tower stock in a transaction on Friday, October 31st. The stock was bought at an average cost of $178.99 per share, with a total value of $994,110.46. Following the completion of the acquisition, the director owned 5,689 shares in the company, valued at approximately $1,018,274.11. This trade represents a 4,114.07% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 0.17% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On American Tower

A number of large investors have recently bought and sold shares of AMT. Abound Wealth Management grew its position in American Tower by 137.3% in the 3rd quarter. Abound Wealth Management now owns 140 shares of the real estate investment trust’s stock valued at $27,000 after acquiring an additional 81 shares during the last quarter. Holos Integrated Wealth LLC acquired a new stake in American Tower in the 4th quarter valued at about $27,000. Triumph Capital Management purchased a new stake in American Tower in the 3rd quarter valued at $29,000. Legacy Investment Solutions LLC purchased a new position in American Tower during the second quarter worth about $31,000. Finally, Root Financial Partners LLC purchased a new stake in American Tower during the third quarter worth about $32,000. 92.69% of the stock is owned by hedge funds and other institutional investors.

Key Headlines Impacting American Tower

Here are the key news stories impacting American Tower this week:

• Positive Sentiment: CoreSite (an AMT subsidiary) launched native 400G AWS Direct Connect in Chicago, improving capacity and latency for high‑bandwidth cloud and AI workloads — a revenue‑supportive infrastructure enhancement for AMT’s data‑center business. AMT’s CoreSite Launches Native 400G AWS Direct Connect in Chicago
• Neutral Sentiment: CoreSite launch also reported by industry press (provides additional detail on customer/use‑case benefits and local market positioning). CoreSite Chicago Data Center Campus Now Offers AWS Native 400G Direct Connect
• Neutral Sentiment: AMT is named as a partner in coverage of AST SpaceMobile’s government/commercial activity — a reminder of AMT’s exposure to growing non‑tower connectivity opportunities but not a direct near‑term earnings driver. Pentagon Deal Sends AST SpaceMobile Soaring—Is This the Next Leg Up? (AMT)
• Negative Sentiment: Mizuho cut its price target on AMT to $189 from $217 while keeping a Neutral rating — a signal that valuation expectations within the REIT group were lowered and that analysts see less near‑term upside. Mizuho Reduces the Firm’s PT on American Tower (AMT) stock
• Negative Sentiment: RBC Capital/MarketScreener adjusted its price target to $195 from $220 and reiterated a sector‑perform/hold view, which reduces analyst‑driven upside and can cap short‑term gains. RBC Capital Reaffirms Their Hold Rating on American Tower (AMT)

About American Tower

American Tower (NYSE: AMT) is a real estate investment trust (REIT) that owns, operates and develops wireless and broadcast communications infrastructure. The company’s core business is leasing space on communications sites — including towers, rooftops and other structures — to wireless carriers, broadcasters, government agencies and enterprise customers. Its business model centers on long-term site leases and contracts that provide recurring revenue tied to the footprint and density of wireless networks.

Beyond traditional tower assets, American Tower offers a range of infrastructure and network services to support mobile, broadband and broadcast connectivity.