Strong Analyst Sentiment on American Tower (AMT) Amid Favorable 2026 Outlook

American Tower Corporation (NYSE:AMT) is included in our list of the best AI data center stocks to buy now.

As of January 30, 2026, over 70% of analysts remain bullish on American Tower Corporation (NYSE:AMT), implying a 19.92% upside potential.

On January 20, 2026, UBS maintained its Buy rating on American Tower Corporation (NYSE:AMT) and lowered its price target from $260 to $254, citing a favorable risk-reward outlook for tower companies in 2026.

Similarly, on January 14, American Tower Corporation (NYSE:AMT)’s ‘Outperform’ rating was reiterated by Scotiabank analyst Maher Yaghi, who also lowered the firm’s price target from $248 to $220.

Scotiabank’s revised target on American Tower Corporation (NYSE:AMT) came as part of the U.S. real estate and REITs outlook, ahead of Q4 results. Meanwhile, the firm’s favorable 2026 projections stem from strong investor demand for multifamily and self-storage assets.

In addition, on January 12, JPMorgan continued to rate American Tower Corporation (NYSE:AMT) Overweight. At the same time, the price target for the stock was lowered from $250 to $245 due to concerns associated with EchoStar. These headwinds are expected to adversely affect the tower business segment.

American Tower Corporation (NYSE:AMT) focuses on managing a portfolio of multitenant communications infrastructure assets and providing colocation services, serving as a tenant-neutral host. The company owns and operates data centers through its subsidiary CoreSite.

While we acknowledge the potential of AMT as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None.