14 AI Stocks Making Moves on Wall Street: Nvidia, Micron, and More

10. American Tower Corporation (NYSE: AMT)

Number of Hedge Fund Holders: 69

One Wall Street firm has recently assumed coverage on American Tower, citing it as one of the best positioned stock in its peer group with a clear path toward high single-digit AFFO growth. On June 26, Goldman Sachs analyst Michael Ng assumed coverage on American Tower with a Buy rating and a $215 price target.

We assume coverage of American Tower (AMT) with a Buy rating and a 12-month target price of $215. American Tower is the leading global operator of tower assets.

AMT also recently resolved its Echostar contract dispute, removing an estimated 2% of consolidated property revenue and 4% of US and Canada property revenue from its 2026 outlook. Despite this reduction, the firm still believes that AMT has a solid path to growth.

This optimism around AMT’s growth is backed by its faster growth in international markets, its accelerating data center business, and cost-efficiency business.

In our view, AMT is the best-positioned stock in the US tower group given its diversified revenue base, data center exposure, and capital allocation flexibility now that the company’s leverage (4.9x as of 1Q26) is within the company’s target range of 3-5x.

While primarily a Real Estate Investment Trust (REIT) that owns and operates tens of thousands of cell towers, American Tower Corporation (AMT) has been expanding its data center operations as demand tied to AI workloads and multicloud deployments increases.