American Tower, the Real Estate sector company, was revisited by a Wall Street analyst today. Analyst Michael Elias from TD Cowen maintained a Buy rating on the stock and has a $235.00 price target.
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Michael Elias has given his Buy rating due to a combination of factors including American Tower’s strong financial performance and strategic outlook. The company reported favorable third-quarter results for 2025 and increased its guidance for the year, which indicates a positive growth trajectory. Despite concerns over Dish Network’s claim that it is excused from rent payments due to spectrum sales, Elias believes these risks are already reflected in the current stock price.
Additionally, the potential for further downside is seen as limited given the company’s current valuation levels. The impact of Dish’s spectrum sales is considered minimal since Dish contributes only a small portion to American Tower’s global revenue. Furthermore, the company is actively addressing the issue by seeking a court ruling to confirm its entitlement to rent payments, which adds a layer of reassurance to investors. These factors collectively support the Buy rating on American Tower’s stock.
In another report released today, BMO Capital also maintained a Buy rating on the stock with a $215.00 price target.