---
title: "研究警报：CFRA 维持对 American Tower Corporation 股票的买入评级"
type: "News"
locale: "zh-CN"
url: "https://longbridge.com/zh-CN/news/276786749.md"
description: "CFRA 对美国塔公司（American Tower Corporation，AMT）维持买入评级，但由于 DISH 网络的违约和拉丁美洲运营商的整合，将其 12 个月目标价下调至 210 美元。2026 年的调整后 FFO 预估降低至 10.91 美元。尽管面临挑战，数据中心的增长依然强劲，受到人工智能工作负载的推动，这可能会提升塔网络的长期价值。国内市场增长受到 DISH 的影响，但如果没有这一影响，可能会增长 2%-3%。预计 EBITDA 利润率今年会略微下降，之后在 2027 年将会扩大"
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)
---

# 研究警报：CFRA 维持对 American Tower Corporation 股票的买入评级

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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