KeyBanc on American Tower (AMT): '2026 Guide Downside Potential Priced In'

KeyBanc analyst Brandon Nispel reiterated a Sector Weight rating on American Tower (NYSE: AMT).

The analyst commented: "'26 Guide Downside Potential Priced In; We remain SW AMT though view the stock as undervalued. We are lowering our '26 AFFO/sh to $10.84, 1.2% y/y growth, now accounting for DISH churn, and see '26 guidance coming in at least 3-6% below consensus. That said, we think the buy-side is prepared for this, and expect support from an accelerating data center business, healthy balance sheet, and potential for accelerating capital return program. The stock has had a nice rally NT, which we attribute to defensive rotation, and while we like the LT opportunity around new spectrum, we don't have a NT catalyst keeping us SW rated."

For an analyst ratings summary and ratings history on American Tower click here. For more ratings news on American Tower click here.

Shares of American Tower closed at $192.10 yesterday.

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