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Investing.com - JMP Securities maintained its Market Outperform rating and $260 price target on American Tower (NYSE:AMT) on Wednesday, citing the company’s strong position to benefit from global network expansions. According to InvestingPro data, AMT currently trades above its Fair Value, with a market capitalization of $100.5 billion and a prominent position in the Specialized REITs industry.
American Tower reported core organic revenue growth of 4.7%, demonstrating solid performance despite investor concerns about potential slowdowns in carrier activity, particularly in the United States.
The company’s growth was supported by strength in emerging markets and continued momentum in its data center business, according to JMP’s analysis.
JMP expects carriers both domestically and internationally to continue expanding their networks as global mobile data consumption accelerates, creating ongoing demand for American Tower’s infrastructure.
This network expansion trend should support mid-single-digit core organic revenue growth for American Tower, reinforcing what JMP described as the "durability of its business model."
In other recent news, American Tower Corporation reported its second-quarter 2025 earnings, revealing a notable discrepancy between expectations and actual results. The company missed earnings per share (EPS) forecasts significantly, reporting $0.78 compared to the anticipated $1.68, marking a 53.57% negative surprise. However, revenue slightly exceeded expectations, reaching $2.63 billion against the projected $2.59 billion. BMO Capital responded to these results by lowering its price target for American Tower from $250 to $245, although it maintained an Outperform rating on the stock. The earnings report highlighted strong performance in international markets, data centers, and services segments. Despite the earnings miss, these areas showed particular strength. Investors are likely to keep an eye on how these developments might influence future performance.
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