Street Calls of the Week
Investing.com - Goldman Sachs has maintained its Neutral rating and $117.00 price target on Crown Castle (NYSE:CCI) following the company’s recent financial results. According to InvestingPro data, the stock currently trades at $97.70, with analysts’ targets ranging from $102 to $127, suggesting potential upside. The company offers a notable 4.4% dividend yield.
The firm noted that Crown Castle’s results showed upside in key metrics including site rental revenue, adjusted EBITDA, and AFFO, along with an increase to guidance, which could drive the stock "modestly higher." The company maintains strong profitability metrics with a 71.5% gross margin, though InvestingPro analysis indicates more than 5 additional key financial insights are available to subscribers.
Goldman Sachs observed that investors currently hold a "neutral view" of Crown Castle, balancing the company’s "simple, domestic tower narrative with cost take-out opportunities" against "potential churn driven by recent industry consolidation."
The research firm expressed encouragement regarding management’s focus on completing the pending fiber transaction and the "significant operational cost reduction activity" expected to follow.
Goldman Sachs maintained its Neutral stance on Crown Castle, citing concerns that the stock may struggle to outperform until there is "further clarity around potential customer churn in the coming quarters."
In other recent news, Crown Castle International Corp reported its third-quarter earnings for 2025, revealing a notable earnings per share (EPS) beat. The company’s EPS was $0.74, exceeding the forecasted $0.52 by 42.31%. However, Crown Castle did not meet revenue expectations, reporting $1.01 billion against the anticipated $1.06 billion, a 4.72% shortfall. These mixed results highlight the company’s performance in recent developments. Despite the revenue miss, the significant EPS beat indicates strong profitability. Analysts and investors are likely to keep a close eye on Crown Castle’s future financial reports to assess ongoing performance.
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