American Tower Corporation (NYSE:AMT) Maintains "Buy" Rating from Goldman Sachs

Font: Financial Modeling Prep  • Jul 29, 2025

American Tower Corporation (NYSE:AMT) is a leading global real estate investment trust (REIT) that owns, operates, and develops wireless and broadcast communications real estate. The company has a significant presence in the U.S. and international markets, providing infrastructure for wireless communications. Its main competitors include Crown Castle and SBA Communications.

On July 29, 2025, Goldman Sachs reaffirmed its "Buy" rating for AMT, with the stock priced at $214.71. Despite a slight decline in U.S. growth, the company's international performance is strengthening, as highlighted by Benzinga. This is reflected in the company's second-quarter results, which show a 3.2% increase in total revenue to $2.63 billion and a 1.8% rise in adjusted EBITDA to $1.75 billion.

Goldman Sachs analyst James Schneider notes that AMT's stock is expected to remain range-bound, as the results and 2025 guidance align with market expectations. Investors remain optimistic due to anticipated stronger domestic organic growth by year-end and potential cost-cutting updates in the latter half of 2025. Additionally, AMT is benefiting from macroeconomic trends, such as a weaker U.S. dollar, which is reflected in the revised guidance.

Today, AMT's stock has decreased by 4.24%, translating to a drop of $9.50, with a trading range between $211.86 and $219. Over the past year, the stock has seen a high of $243.56 and a low of $172.51. The company's market capitalization is approximately $100.51 billion, with a trading volume of 3,702,881 shares on the New York Stock Exchange.