American Tower Corporation (NYSE:AMT) is one of the Best Digital Infrastructure REITs to Buy According to Analysts. Based on a report by TheFly in April, Raymond James raised its price target on American Tower to $240 from $229 while maintaining a Strong Buy rating on the shares, as the company’s first-quarter results beat expectations.
Similarly, Truist analyst Matthew Niknam also increased the price target on American Tower to $208 from $205 while keeping a Buy rating on the stock after the company released its Q1 earnings report.
On April 28, American Tower reported a 6.8% gain in total revenue to $2.74 billion in the first quarter of the year, with total property revenue growing 7.3% to $2.67 billion. Additionally, net income also increased 76.2% to $879 million. American Tower Chief Executive Officer Steve Vondran emphasized that the company’s structural growth drivers continue to strengthen. He added:
“We had an excellent start to 2026. The structural growth drivers of our business continue to strengthen, with rising mobile data consumption, accelerating cloud adoption and the rapid expansion of AI-driven workloads all pointing toward sustained investment in high-quality digital infrastructure. I believe American Tower is now operating from its strongest strategic position in more than a decade, reflecting the actions we’ve taken to strengthen our balance sheet, reduce risk and enhance the quality and predictability of our earnings. With a best-in-class portfolio of towers and interconnection-rich data centers, we are well positioned to drive durable growth, expand margins and deliver attractive long-term value for our shareholders.”
With its positive first-quarter results, the company is making upward adjustments in its full-year financial guidance. For 2026, American Towers is now projecting total property revenue to be in the range of $10.585 billion to $10.735 billion, an approximately 3.4% growth. This is higher than the previous guidance for the year of $10.440 billion to $10.590 billion. Additionally, the company set net income guidance of $3.015 billion to $3.095 billion, representing 16.2% growth.
Based on 27 analyst ratings compiled by CNN, American Tower has an average price target of $210, a 15.63% upside from the current price of $181.61.
American Tower Corporation (NYSE:AMT) is a leading independent owner, operator, and developer of multitenant communications real estate with a portfolio of nearly 150,000 communications sites and a highly interconnected footprint of U.S. data center facilities.
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