American Tower Corp (NYSE:AMT) reported better-than-expected first-quarter financial results on Tuesday.

American Tower reported first-quarter revenue of $2.56 billion, beating analyst estimates of $2.54 billion, according to estimates from Benzinga Pro. The company also reported adjusted funds from operations (AFFO) of $2.75 per share, beating estimates of $2.58 per share.

American Tower said it expects total property revenue in 2025 to be between $9.97 billion and $10.12 billion. The company also raised its full-year AFFO guidance from a range of $10.31 to $10.50 to a new range of $10.35 to $10.54 per share, versus estimates of $10.39 per share.

American Tower shares gained 4.8% to close at $221.33 on Tuesday.

These analysts made changes to their price targets on American Tower following earnings announcement.

• UBS analyst Batya Levi maintained American Tower with a Buy rating and raised the price target from $245 to $250.
• Raymond James analyst Ric Prentiss maintained American Tower with a Strong Buy rating and raised the price target from $231 to $251.

Considering buying AMT stock? Here’s what analysts think:

Read This Next:

• Top 3 Industrials Stocks Which Could Rescue Your Portfolio In Q2

Photo via Shutterstock