73/100BAmerican Tower stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for American Tower is 203.67, 6.5% above the current price of 191.24. Their targets range from 188.00 to 212.00.
Of the 15 firms that rated American Tower in the past 12 months, 14 rate it buy or strong buy, 1 hold and 0 sell or strong sell (each firm at its latest rating): a Strong buy consensus.
Analysts' 1-year price targets range from 188.00 to 212.00, with an average of 203.67.
| Buy | 14 | |
| Hold | 1 | |
| Sell | 0 |
12-month price target
| Highest target | 212.00 |
| Average target | 203.67 |
| Lowest target | 188.00 |
| Current price | 191.24 |
American Tower price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their American Tower price target and rating?
How analysts rate American Tower, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
14 of 15 firms rate it buy now, against 11 of 14 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
American Tower analyst upgrades, downgrades and price targets
The latest rating change came on 20 August 2026, when Barclays upgraded American Tower from Equal Weight to Overweight. Its price target is 198.00, from 195.00. The most recent new target came from Bernstein on 20 October 2026: 212.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Bernstein | Reiterated · Outperform | 214.00 → 212.00 | -0.9% | 183.03 |
| 30 Sept 2026 | Barclays Brendan Lynch | Reiterated · Overweight | 198.00 → 199.00 | +0.5% | 167.35 |
| 20 Aug 2026 | Mizuho Securities | — | 189.00 → 208.00 | +10.1% | 174.49 |
| 20 Aug 2026 | Barclays Tim Long | Upgraded · Equal Weight → Overweight | 195.00 → 198.00 | +1.5% | 174.49 |
| 29 Jul 2026 | Bernstein Madison Rezaei | — | 207.00 → 214.00 | +3.4% | 173.31 |
| 28 Jul 2026 | Goldman Sachs | — | 215.00 → 210.00 | -2.3% | 171.50 |
| 9 Jul 2026 | Wolfe Research | Upgraded · Peer Perform → Outperform | — | — | — |
| 8 Jul 2026 | Wolfe Research Andrew Rosivach | — | 188.00 | — | 165.04 |
| 26 Jun 2026 | Goldman Sachs | — | 215.00 | — | 168.72 |
| 26 Jun 2026 | RBC Capital | Upgraded · Sector Perform → Outperform | 220.00 → 205.00 | -6.8% | 168.72 |
| 19 May 2026 | Bernstein | Upgraded · Market Perform → Outperform | 207.00 | — | 177.28 |
| 30 Apr 2026 | Truist Financial Matthew Niknam | Reiterated · Buy | 208.00 | — | 178.19 |
| 29 Apr 2026 | Scotiabank | Reiterated · Sector Outperform | 220.00 → 218.00 | -0.9% | 178.42 |
| 29 Apr 2026 | Raymond James | — | 250.00 → 240.00 | -4.0% | 177.30 |
| 16 Apr 2026 | Barclays | Reiterated · Equal Weight | 200.00 → 195.00 | -2.5% | 176.99 |
| 15 Apr 2026 | Mizuho | Upgraded · Neutral → Outperform | — | — | — |
| 20 Jan 2026 | UBS Batya Levi | Reiterated · Buy | 260.00 → 254.00 | -2.3% | 180.11 |
| 14 Jan 2026 | Scotiabank Maher Yaghi | Reiterated · Sector Outperform | 220.00 | — | 179.16 |
| 12 Jan 2026 | Mizuho Securities | Reiterated · Neutral | 189.00 | — | 170.37 |
| 9 Jan 2026 | BMO Capital | Downgraded · Outperform → Market Perform | 185.00 | — | 170.33 |
| 5 Jan 2026 | New Street | — | 203.00 | — | 174.80 |
| 4 Dec 2025 | Morgan Stanley Benjamin Swinburne | — | 250.00 → 255.00 | +2.0% | 176.18 |
| 1 Dec 2025 | Barclays Brendan Lynch | Downgraded · Overweight → Equal Weight | 251.00 → 200.00 | -20.3% | 181.27 |
American Tower EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect American Tower's EPS to grow 12.7% a year until 2028. Over the last 5 years it grew 7.3% a year, and over the last 3 years 12.2%.
Analysts expect American Tower's revenue to grow 4.5% a year until 2028, about as fast as over the last 5 years (5.8% a year) and the last 3 years (3.3%).
Revenue
EPS
Does American Tower beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 26.7% off the result, either way, and their revenue estimate 2.4%, over the last 12 quarters.
- EPS beats
- 48 / 113
- Revenue beats
- 68 / 113
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- -1.4%
- Since
- November 1998
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 27 Oct 2026 | 1.64 | 1.64 | 0.0% | 2.76B | 2.79B | +0.9% |
| Q2 FY2026 | 28 Jul 2026 | 1.57 | 1.86 | +18.5% | 2.70B | 2.75B | +1.8% |
| Q1 FY2026 | 28 Apr 2026 | 1.60 | 1.84 | +15.0% | 2.66B | 2.74B | +3.1% |
| Q4 FY2025 | 24 Feb 2026 | 1.48 | 1.75 | +18.2% | 2.69B | 2.74B | +1.9% |
| Q3 FY2025 | 28 Oct 2025 | 1.65 | 1.82 | +10.3% | 2.66B | 2.72B | +2.1% |
| Q2 FY2025 | 29 Jul 2025 | 1.67 | 0.78 | -53.3% | 2.60B | 2.63B | +1.1% |
| Q1 FY2025 | 29 Apr 2025 | 1.61 | 1.05 | -34.8% | 2.54B | 2.56B | +0.9% |
| Q4 FY2024 | 25 Feb 2025 | 1.74 | 2.62 | +50.6% | 2.51B | 2.55B | +1.5% |
| Q3 FY2024 | 29 Oct 2024 | 1.57 | 1.69 | +7.6% | 2.77B | 2.52B | -8.9% |
| Q2 FY2024 | 30 Jul 2024 | 1.58 | 1.92 | +21.5% | 2.82B | 2.90B | +3.0% |
| Q1 FY2024 | 30 Apr 2024 | 1.78 | 1.96 | +10.1% | 2.79B | 2.83B | +1.5% |
| Q4 FY2023 | 27 Feb 2024 | 0.94 | 0.18 | -80.9% | 2.74B | 2.79B | +1.8% |
American Tower stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If American Tower's earnings keep growing at the 12.7% a year analysts expect to FY2028, it would earn about 9.80 a share in FY2030. At the P/E it has traded at over the last five years (26.9 to 55.3) that is 263.71 to 542.34 a share, or 400.23 at its average P/E of 40.8. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 6.97 | 187.39 | 284.39 | 385.38 |
| FY2027 | 6.93 | 186.41 | 282.90 | 383.35 |
| FY2028 | 7.72 | 207.74 | 315.28 | 427.23 |
| FY2029 (extrapolated) | 8.70 | 234.06 | 355.22 | 481.36 |
| FY2030 (extrapolated) | 9.80 | 263.71 | 400.23 | 542.34 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 12.7% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (26.9, 40.8, 55.3).
Is American Tower stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
American Tower's P/E of 26.9 is near the bottom of its 5-year range (22.1 to 149.9, median 47.3). Analysts do not expect slower growth than in recent years, so it is cheaper than its usual level. Buyers pay less for each point of growth than usual: a PEG of 2.1 on expected growth against 6.5 on its median P/E and past five years' growth. At its usual P/E (34.6 × EPS of 7.11), American Tower's fair value is 245.98; the price, 191.24, is 22.3% below it. Its forward P/E, on the consensus for FY2026, is 27.5.
Fair value is the usual (median) P/E of the last five years times the earnings per share of the last twelve months; the ends of the bar are the same earnings at its lowest and highest P/E of those years (22.1 and 55.9). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 26.90
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 47.29
- Five-year P/E range
- 22.1 – 149.9
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 27.45
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 2.12
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +6.5%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 35.850 | 71.4258Price 35.85193 | +99.2% | |
| 29.050 | 56.2634Price 29.0596 | +93.7% | |
| 241.000 | 464.49205Price 241.00627 | +92.7% | |
| 123.590 | 237.24178Price 123.59297 | +92.0% | |
| 161.400 | 305.52159Price 161.40396 | +89.3% | |
| 157.460 | 297.58169Price 157.46471 | +89.0% | |
| 217.560 | 405.38304Price 217.56507 | +86.3% |
Furthest below the fair value on each stock's page, updated every day.