---
title: "Research Alert: CFRA Maintains Buy Opinion On Shares Of American Tower Corporation"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/276786749.md"
description: "CFRA maintains a Buy opinion on American Tower Corporation (AMT) but lowers its 12-month target to $210 due to headwinds from DISH Network's default and carrier consolidation in Latin America. The adjusted FFO estimate for 2026 is decreased to $10.91. Despite challenges, data center growth is strong, driven by AI workloads, which may enhance the tower network's long-term value. Domestic market growth is affected by DISH, but could rise 2%-3% without this impact. EBITDA margins are expected to decline slightly this year before expanding in 2027."
datetime: "2026-02-24T20:45:00.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/276786749.md)
  - [en](https://longbridge.com/en/news/276786749.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/276786749.md)
---

# Research Alert: CFRA Maintains Buy Opinion On Shares Of American Tower Corporation

03:45 PM EST, 02/24/2026 (MT Newswires) -- CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows:

We decrease our 12-month target by $5 to $210 on an EV/EBITDA multiple of 19.2x our 2026 estimate, a discount to its three-year average of 20.4x. We decrease our 2026 adjusted FFO estimate by $0.37 to $10.91 and set 2027 at $11.51. AMT's outlook faces two primary headwinds - the default of DISH Network (about $200M per year through 2035) and accelerated carrier consolidation in Latin America. AMT is pursuing legal action to recover the value of DISH's remaining leases, but we see full recovery potentially taking years. Data Center growth continues to outperform with MW under construction increasing from 32 to 55 in the past year driven by AI workloads. Management also sees AI as a key future driver for mobile data consumption, which we believe increases the value of its tower network long-term. This year domestic market growth is impacted by 4% run-rate headwinds from DISH but would be up 2%-3% excluding this impact, in our view. We see EBITDA margins down 20-40 bps this year before expanding in 2027.

MT Newswires does not provide investment advice. Unauthorized reproduction is strictly prohibited.

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