WallStSmart
AMT

American Tower Corp

NYSE: AMT · REAL ESTATE · REIT - SPECIALTY

$178.19
-0.12% today

Updated 2026-04-29

Market cap
$85.12B
P/E ratio
29.47
P/S ratio
7.87x
EPS (TTM)
$6.20
Dividend yield
3.87%
52W range
$163 – $228
Volume
3.2M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

American Tower Corp (AMT) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$178.19
Consensus
$219.20
+23.01%
2030 Target
$330.09
+85.25%
DCF
$219.10
+17.63% MoS
15 analysts:
5 Buy5 Hold0 Sell

Management guidance

AMT management provided modest 2026 growth outlook following DISH Wireless's $200M annual revenue loss from collocation agreement default. No specific revenue targets provided by CEO for 2026-2030 period. Guidance emphasizes cost-saving programs and CoreSite data center growth as offsetting factors, but near-term revenue headwinds from Latin American challenges and DISH default are acknowledged.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$538.56
$12.5B Rev × 20x P/S
Base case (2030)
$330.09
$12.5B Rev × 12x P/S
Bear case (2030)
$208.48
$12.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$10.0B$10.1B$10.6B$10.9B$11.3B$11.7B$12.1B$12.5B
Revenue growth—1.1%5.1%2.4%3.5%3.3%3.4%3.6%
EPS$3.18$7.39$5.39$6.74$7.15$7.55$7.95$8.40
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$277.97$295.34$295.34$312.71$330.09

Catalysts & risks

Growth catalysts
+ CoreSite data center expansion and AI-driven colocation demand growth
+ 5G network expansion and wireless infrastructure investment acceleration
+ International tower portfolio growth, particularly in Europe and emerging markets
+ Strategic cost reduction programs and operational efficiency improvements
+ Potential M&A activity in tower/REIT sector (SBA Communications speculation)
Key risks
- DISH Wireless lease default reducing annual revenue by ~$200M (~1.9% of TTM revenue)
- Latin American operational headwinds and currency fluctuations
- High leverage (12.31x Debt/Equity) limiting financial flexibility
- Interest rate sensitivity affecting REIT valuations and refinancing costs
- Muted near-term organic growth (2.4% estimated 2026, 3.4% estimated 2027)

Methodology

American Tower Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 15 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: April 6, 2026.