Barclays (LON:BARC) analyst Tim Long maintained a Buy rating on American Tower Corp (NYSE:AMT) on Monday, setting a price target of $292, which is approximately 17.49% above the present share price of $248.54.
Long expects American Tower Corp to post earnings per share (EPS) of $0.82 for the second quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Strong Buy rating of shares in American Tower, with an average price target of $277.8.
The analysts price targets range from a high of $324 to a low of $244.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $2.12 billion and a net profit of $914.4 million. The company's market cap is $110.54 billion.
According to TipRanks.com, Barclays analyst Tim Long is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.9% and a 64.35% success rate.
Founded in 1995, Massachusetts-based American Tower Corp. is one of the largest real estate investment trusts and is a leading independent owner and operator of wireless and broadcast communications infrastructure in several countries worldwide.