Where American Tower Stands With Analysts
Over the past 3 months, 7 analysts have published their opinion on American Tower (NYSE:AMT) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company’s business to predict how a stock will trade over the upcoming year.
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According to 7 analyst offering 12-month price targets in the last 3 months, American Tower has an average price target of $305.29 with a high of $323.00 and a low of $295.00.
Below is a summary of how these 7 analysts rated American Tower over the past 3 months. The greater the number of bullish ratings, the more positive analysts are on the stock and the greater the number of bearish ratings, the move negative analysts are on the stock
This average price target has increased by 9.7% over the past month.
How Are Analyst Ratings Determined?
Benzinga tracks 150 analyst firms and reports on their stock expectations. Analysts typically arrive at their conclusions by predicting how much money a company will make in the future, usually the upcoming five years, and how risky or predictable that company’s revenue streams are.
Analysts attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish their ratings on stocks. Analysts typically rate each stock once per quarter or whenever the company has a major update.
Some analysts also offer predictions for helpful metrics such as earnings, revenue, and growth estimates to provide further guidance as to what to do with certain tickers. It is important to keep in mind that while stock and sector analysts are specialists, they are also human and can only forecast their beliefs to traders.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.