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CCI

Crown Castle

NYSE: CCI · REAL ESTATE · REIT - SPECIALTY

$85.87
-0.35% today

Updated 2026-04-29

Market cap
$37.47B
P/E ratio
36.23
P/S ratio
8.89x
EPS (TTM)
$2.37
Dividend yield
4.93%
52W range
$76 – $112
Volume
3.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Crown Castle (CCI) Financial Forecast & Price Target 2030

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

Price target summary

Current
$85.87
Consensus
$105.31
+22.64%
2030 Target
$127.17
+48.10%
DCF
$75.96
-13.31% MoS
16 analysts:
5 Buy7 Hold0 Sell

Management guidance

CEO guidance not explicitly stated in earnings materials provided. Company announced strategic restructuring plan (divest fiber/small cell, $7B debt reduction, $1B buyback) to refocus on core U.S. tower business. FY2026 guidance: $4.12B revenue (-3.38% YoY). Management expects towers to remain core growth driver as AI/data center demand drives site densification.

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$211.95
$4.5B Rev × 20x P/S
Base case (2030)
$127.17
$4.5B Rev × 12x P/S
Bear case (2030)
$84.78
$4.5B Rev × 8x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$7.0B$6.6B$4.3B$4.1B$4.2B$4.3B$4.4B$4.5B
Revenue growth—-5.9%-35.1%-3.4%1.7%2.4%2.8%3.2%
EPS$3.46$-8.98$0.98$2.16$3.01$3.45$3.85$4.25
P/S ratio———12.0x12.0x12.0x12.0x12.0x
Implied price———$110.21$118.69$118.69$118.69$127.17

Catalysts & risks

Growth catalysts
+ Strategic restructuring with fiber/small cell divestiture execution (expected to clarify investment narrative)
+ AI/data center capex cycle driving tower densification and new site demand
+ DISH default resolution and stabilization of revenue base
+ $7B debt reduction improves balance sheet and dividend sustainability
+ $1B share repurchase supports EPS accretion
Key risks
- DISH Wireless payment default ($200M+ annual revenue impact already realized in 2025-2026 decline)
- Fiber/small cell asset sale execution risk and lower-than-expected valuations
- Negative organic tower growth (-4.4% to -3.4% in near term) suggests market saturation in U.S. towers
- High dividend payout ratio (102-420% range) is unsustainable without revenue/EPS improvement
- 5-year revenue CAGR of -6.1% reflects structural headwinds from prior DISH/tower market challenges
- Analyst downgrades continue (Truist moved Strong Buy→Hold, Wells Fargo downgraded Q1 2026)

Methodology

Crown Castle's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 16 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 7, 2026.