American Tower's price targets fall despite strong Q1 growth and solid 2026 outlook.

American Tower Corporation's analyst price targets have dropped from $218.24 to $188 over the past year, reflecting cautious market sentiment. However, the company reported a robust 6.8% revenue growth in Q1 2026, driven by its international towers and U.S. data center business. It expects Q2 earnings per share of $1.57 and revenue around $2.7 billion, with full-year 2026 guidance projecting property revenue of $10.66 billion and Funds From Operations between $5.09 billion and $5.17 billion. These figures highlight strong underlying performance despite tempered analyst expectations, with RBC Capital maintaining a high price target of $282.