Reasons Why American Tower Corporation (AMT) is Strongly Favored by Hedge Funds

On January 14, Scotiabank expert Maher Yaghi reaffirmed an Outperform standing for American Tower Corporation (NYSE:AMT). He lowered his terms people forecast from $248 to $220, resulting successful a revised upside of astir 20%.

Picnote/Shutterstock.com

Yaghi’s standing is portion of Scotiabank’s revised outlook connected the U.S. Real Estate & REITs segment. Such adjustments bespeak the firm’s appraisal of upcoming fourth-quarter announcements. The steadfast sees comparatively dependable capitalist request for multifamily and self-storage assets based connected their favorable 2026 projections.

On January 12, JPMorgan besides maintained an Overweight standing connected American Tower Corporation (NYSE:AMT). However, AMT was again taxable to a downward terms people revision from $250 to $245. The steadfast attributed this revision to uncertainties linked with EchoStar, which are expected to person an interaction connected the operation concern segment. Despite the adjustment, the firm’s projections inactive connection a 33.5% upside astatine the prevailing level.

American Tower Corporation (NYSE:AMT) manages a portfolio of multitenant communications infrastructure assets and offers colocation services wherever it operates arsenic a tenant-neutral host. The plus basal comprises information centers, connection sites, and compartment towers dispersed retired crossed Africa, the Americas, Asia, and Europe.

While we admit the imaginable of AMT arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

READ NEXT: 15 Most Promising Mid-Cap Healthcare Stocks Under $50 and 11 Most Promising Small-Cap Industrial Stocks Under $50.

Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.