Bernstein Says “This Is the Moment” to Buy American Tower Corporation (AMT)

American Tower Corporation (NYSE:AMT) is included among the Dividend Stock Portfolio For Retirement: Top 12 Stock Picks.

On May 19, Bernstein upgraded American Tower Corporation (NYSE:AMT) to Outperform from Market Perform while maintaining its $207 price target. The firm said the market was overstating the company’s risks and not fully recognizing its upside potential. The analyst noted that the stock was trading at a five-year low multiple and described the current setup as “this is the moment” to buy the shares.

Bernstein also discussed the potential impact of satellite technology on the tower industry. The firm argued that direct-to-device satellite plans would still need either low-band terrestrial deployment or a mobile virtual network operator partnership to compete effectively with nationwide wireless services. According to the analyst, both scenarios could benefit tower companies.

On April 30, Truist Securities analyst Matthew Niknam raised the firm’s price recommendation on American Tower to $208 from $205. He reiterated a Buy rating on the stock following the company’s Q1 earnings beat. The analyst said the company was in a solid position and was beginning to see positive business inflections as the year progressed.

American Tower Corporation (NYSE:AMT) is a global real estate investment trust and an independent owner, operator, and developer of multitenant communications real estate. The company owns nearly 150,000 communications sites and also operates a connected network of data center facilities across the United States.

While we acknowledge the risk and potential of AMT as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. If you are looking for an AI stock that is more promising than AMT and that has 10,000% upside potential, check out our report about this cheapest AI stock.

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