American Tower Corporation research snapshot
AMT AI stock analysis currently reads American Tower as a high-quality communications infrastructure REIT with durable tower economics, a record-leasing CoreSite data center platform, and balance-sheet risk that has eased into the 3x to 5x leverage target. At the August 2, 2026 cutoff, AMT closed at $173.36 on July 31, 2026, market capitalization was about $80.78 billion, and the stock traded near 16.8x forward price to FFO with a 4.13% dividend yield. On July 28, 2026, AMT reported Q2 revenue of $2.749 billion, AFFO per share of $2.71, and raised full-year guidance for the second time in 2026, with FY2026 AFFO guided to $11.00 to $11.17 per share. The AI stock forecast remains scenario-based because the investment case still depends on interest rates, DISH-related churn, data center growth, refinancing costs, and management execution. This page is informational research and not investment advice.
Current price
$173.36
Market cap
$80.78 billion
AI score
70 / 100
Rating
High-quality digital infrastructure REIT with improving momentum and leverage within target
Trend status
Below both the 50-day and 200-day moving averages with improving momentum
Data cutoff (updated monthly)
August 4, 2026
Informational use only. This page is not investment advice.
| Dimension | Conclusion | Confidence |
|---|---|---|
| Business quality | AMT owns multi-tenant communications real estate and a fast-growing interconnected data center platform that benefit from mobile data, 5G densification, new spectrum, cloud, and AI workloads. The model is recurring and asset-heavy, with high site-level margins. | High |
| Moat | The moat comes from scarce tower locations, zoning friction, long tenant relationships, switching costs, scale, and CoreSite interconnection. It is weakest where carrier consolidation or one-tenant reliance pressures billings, as with DISH churn. | Medium-high |
| Management | CEO Steve Vondran and CFO Rod Smith raised 2026 guidance twice, completed the exit from the Philippines and Bangladesh, kept leverage at 4.9x within the 3x to 5x target, and shifted capital toward developed-market towers and CoreSite. The key test is the 2027 AFFO per share growth inflection. | Medium-high |
| Financial trend | Q2 2026 revenue was $2.749 billion with net income of $867.5 million and EPS of $1.86. AFFO per share was $2.71, and full-year AFFO guidance was raised to $11.00 to $11.17. FY2025 revenue was $10.645 billion and net income attributable to common stockholders was $2.530 billion. | High |
| Valuation | At $173.36, AMT traded around 23.85x trailing earnings, 7.38x sales, 16.8x forward FFO, and roughly 20.4x estimated TTM FCF per share. The verified AFFO scenario model produced a base case near $193.90, a bull case near $264.20, and a bear case near $125.30. | Medium-high |
| Technical trend | AMT is below its 50-day moving average of $176.38 and 200-day moving average of $178.96. RSI near 53.08 shows momentum improving from an oversold July reading, but the stock has not yet reclaimed the moving-average band, so the trend is still repairing. | Medium-high |
| Risk level | Risk is moderate to elevated for a REIT because total debt was about $44.98 billion at Q2 2026, net leverage was 4.9x, and the stock remains sensitive to interest rates, refinancing costs, tenant churn, and REIT multiple compression. | Medium-high |
| AI confidence | High for company-reported Q2 2026 and FY2025 data, quote math, shares, market cap, technical inputs, and stated guidance; medium for tenant churn timing, Brazil recovery, data center multiple assumptions, and refinancing cost forecasts. | High data confidence |
| Investment certainty | Medium certainty. Business quality is above average and momentum has improved after the Q2 beat, but the current price still requires a return to visible AFFO acceleration and a stable or falling rate backdrop. | Medium |
AMT AI stock forecast
The AMT AI stock forecast uses AFFO per share, FFO multiples, net leverage, tenant billings, dividend coverage, refinancing costs, and technical trend rather than a single deterministic price prediction. The bullish case becomes more likely if CoreSite leasing keeps setting records, 2026 guidance is raised again, leverage stays near or below 4.9x, and rates stop pressuring REIT multiples. The bearish case becomes more likely if DISH churn, Brazil churn, refinancing costs, or a data center JV dilution absorb AFFO growth and the stock loses the moving-average band again.
$235 to $265
More likely if AMT delivers mid-single-digit to higher AFFO growth, the market assigns a 20x AFFO multiple, CoreSite demand remains record-breaking, and net debt trends lower. The verified three-scenario model produced about $264.20 using 6% growth and a 20x terminal multiple.
$180 to $200
More likely if AMT grows AFFO around 3%, holds dividend coverage, keeps leverage near the target range, absorbs refinancing headwinds, and reclaims its 50-day and 200-day moving averages without a major REIT re-rating. The verified model base case was about $193.90.
$115 to $130
More likely if AFFO growth stalls, DISH or Brazil churn persists, rates rise, refinancing costs climb, or the market prices tower REITs closer to a low-teens AFFO multiple. The verified bear model produced about $125.30 using -2% growth and a 12x terminal multiple.
AMT AI technical analysis
AMT AI technical analysis starts from the $173.36 close on July 31, 2026. The stock is below both the 50-day moving average of $176.38 and the 200-day moving average of $178.96, but RSI near 53.08 shows momentum improving from an oversold July level. The 52-week range is $160.06 to $217.39. Technical levels should be checked against Q3 2026 earnings, rate moves, REIT flows, dividend updates, and carrier spending news.
| Level | Value | Why it matters |
|---|---|---|
| Current price | $173.36 | Latest verified close used for this page, reported for July 31, 2026. |
| Near support | $168 to $171 | This zone covers the late July pullback area and is the first support reference for a short-term rebound attempt. |
| Secondary support | $160 to $164 | The 52-week low is $160.06. A break below the low would open downside congestion toward prior demand areas. |
| 50-day moving average | $176.38 | The stock must reclaim this level before the intermediate trend can be described as improving. |
| 200-day moving average | $178.96 | The 200-day average is close to the 50-day average, creating a dense resistance band around $176 to $179. |
| Momentum | RSI 53.08 | RSI has moved from oversold to neutral-positive territory. A durable breakout would need follow-through above the moving averages. |
| Volume | 20-day average 3.12 million shares | A move back above the moving averages would need stronger volume to show institutional demand rather than a short squeeze. |
| Volatility | Beta 0.91 | AMT has traded with slightly lower volatility than the broad market, but REIT rates and leverage can still create sharp moves. |
| Invalidation | Close below $160.06 or weaker AFFO guide | A decisive close below the 52-week low, a lower AFFO outlook, or rising net leverage would weaken the base case. |
AMT AI trading strategy
The AMT AI trading strategy is a rules-based framework, not personalized advice. It should be monitored through live price, moving averages, 2026 AFFO guidance, net leverage, dividend coverage, rate expectations, customer churn, refinancing costs, and CoreSite demand.
Wait for AMT to reclaim the $176 to $179 moving-average band and hold it after Q3 2026 earnings, with AFFO guidance and leverage commentary supporting the move.
Reduce confidence if price fails below $168, if management cuts AFFO guidance, or if REIT rates rise while volume expands on down days.
Use the gap between the current price and the analyst consensus target of $215.48 as a watchlist signal only if the stock stabilizes above near support and the RSI holds above neutral.
Do not treat the 4.13% dividend yield as a floor. A higher yield can also signal rising required returns or lower growth expectations.
Track organic tenant billings growth, DISH and Brazil churn, CoreSite leasing and capacity expansion, the data center JV ownership shift, capex, repurchases, dividend coverage, total debt, and net leverage.
A worse churn path, higher refinancing costs, leverage moving away from the 3x to 5x target, or a data center slowdown can override a bullish technical rebound.
Investment research summary
American Tower is paid to provide scarce communications infrastructure. Wireless carriers, broadcasters, enterprises, and cloud customers pay for tower space, power, fiber-connected data center capacity, interconnection, reliability, and location.
The moat is built from zoning scarcity, site density, long lease terms, tenant switching costs, global scale, and CoreSite interconnection. It is strongest where tower portfolios have multiple tenants and weakest where one tenant or one regulatory regime drives economics.
The thesis can fail if rates stay high, refinancing costs rise, DISH churn is worse than expected, Brazil churn persists, data center capex earns lower returns, the data center JV dilutes AFFO, or foreign currency moves against AMT.
Steve Vondran and Rod Smith have driven balance-sheet repair, exited the APAC region, raised 2026 guidance twice, and concentrated capital on developed-market towers and CoreSite. Management expects 2026 to be the AFFO per share growth trough, with acceleration in 2027.
The long-term industry trend is favorable because mobile data, 5G densification, about 800 MHz of new spectrum from 2027, 6G, cloud adoption, and AI workloads require more digital infrastructure. The near-term cycle depends on carrier capital budgets, spectrum auctions, lease amendments, churn, and interest rates.
The verified scenario model produced about $264.20 in the bull case, $193.90 in the base case, and $125.30 in the bear case using AFFO per share as the earnings proxy. The margin of safety is moderate because leverage and rates can still compress the multiple even as fundamentals improve.
Source-backed data
Every metric below includes a source and last verification date.
| Metric | Value | Source | Last verified |
|---|---|---|---|
| AMT price | $173.36 close on July 31, 2026 | StockAnalysis statistics page | August 2, 2026 |
| Market capitalization | $80.78 billion, verified as $173.36 x 465.96 million shares | financial_rigor.py market cap verification | August 2, 2026 |
| Shares outstanding | 465.96 million shares outstanding | StockAnalysis statistics page | August 2, 2026 |
| Q2 2026 revenue and net income | $2.749 billion revenue, $867.5 million net income, and $1.86 EPS | StockAnalysis quarterly financials page | August 2, 2026 |
| Q2 2026 AFFO and FY2026 guidance | Q2 AFFO per share of $2.71 and raised FY2026 AFFO guidance of $11.00 to $11.17 per share, with FY2026 revenue of $10.695B to $10.845B | American Tower Q2 2026 earnings call and press release | August 2, 2026 |
| FY2025 revenue and net income | $10.645 billion revenue and $2.530 billion net income attributable to common stockholders | StockAnalysis financials page | August 2, 2026 |
| Q2 2026 cash and debt | $1.763 billion cash and investments, $44.980 billion total debt, and 4.9x net leverage within the 3x to 5x target | American Tower Q2 2026 earnings call and StockAnalysis | August 2, 2026 |
| Technical indicators | 50-day MA $176.38, 200-day MA $178.96, RSI 53.08, 20-day average volume 3.12 million, beta 0.91, 52-week range $160.06 to $217.39 | StockAnalysis statistics page | August 2, 2026 |
| Analyst consensus | Buy consensus from 25 analysts, average price target $215.48 with a range of $188 to $260 | StockAnalysis forecast page | August 2, 2026 |
| Dividend | $7.16 annualized dividend per share and a 4.13% dividend yield | StockAnalysis statistics page | August 2, 2026 |
This AMT AI stock analysis page is an informational tool only and is not investment advice, tax advice, or a recommendation to buy or sell any security. Forecast ranges are scenarios based on available public data as of August 2, 2026 and may be wrong if financial results, rates, tenant demand, debt markets, data center demand, or market conditions change.
Design trading strategies visually with 10+ indicators. Set entry/exit conditions and risk management, then generate Pine Script code with no coding required.
Filter and discover stocks based on market cap, dividend yield, P/E ratio, sector, and more. Screen thousands of stocks with real-time data.
Smart AI-driven stock selection with fundamental screening, analyst estimates, and key metrics. Filter by P/E, market cap, dividends, and more.
