Merrill Lynch analyst David Barden maintained a Buy rating on American Tower Corp (NYSE:AMT) on Thursday, setting a price target of $280, which is approximately 25.22% above the present share price of $223.61.
Barden expects American Tower Corp to post earnings per share (EPS) of $1.05 for the fourth quarter of 2020.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in American Tower, with an average price target of $287.25.
The analysts price targets range from a high of $315 to a low of $244.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $2.01 billion and a net profit of $785.1 million. The company's market cap is $101.58 billion.
According to TipRanks.com, Merrill Lynch analyst David Barden is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 4.7% and a 63.89% success rate.
American Tower Corp. is a real estate investment trust, which owns, operates, and develops multitenant communications real estate. It operates through the following segments: U.S. Property, Asia Property, Europe Property, Africa Property, Latin America Property and Services. The U.S. Property segment operates in the United States. The Asia Property segment refers to the operations in India. The Services segment offers tower-related services in the United States, including site acquisition, zoning & permitting services and structural analysis services. The company was founded in 1995 and is headquartered in Boston, MA.