5 Best Data Center REITs to Buy According to Analysts

1. American Tower Corporation (NYSE:AMT)

Analyst Upside: 18.96%

Number of Hedge Fund Holders:  71

​American Tower Corporation (NYSE:AMT) is a global real estate investment trust focused on owning, operating, and developing multitenant communications real estate, with a portfolio of nearly 150,000 sites leased to wireless carriers, broadcasters, and government. The company also maintains a smaller US Data Centers segment featuring edge and metro facilities. It is also one of the Best Data Center REITs to Buy According to Analysts.

​American Tower Corporation (NYSE:AMT) recently posted fiscal Q1 2026 earnings on April 28. During the quarter, the revenue came in at $2.74 billion, up 6.82% year-over-year and ahead of Wall Street’s expectations by $86.78 million. The GAAP EPS of $1.84 also topped the consensus by $0.25.

​Notably, during Q1, the data center revenue grew 17%, driven by high demand from hybrid and multicloud installations. Management also noted that increased use cases of AI are accelerating growth in this segment.

Following the release on April 30, Truist analyst Matthew Niknam raised the firm’s price target for American Tower Corporation (NYSE:AMT) from $205 to $208 and maintained a Buy rating on the shares. The firm noted Q1 earnings beat as one of the primary reasons behind the updated price target. The firm finds the company to be in a strong position and expects positive inflation points ahead.

While we acknowledge the potential of AMT to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than AMT and that has 100x upside potential, check out our report about the cheapest AI stock.

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