Report post

Is American Tower (Amt) a good stock to buy?

With performance like this coming in a difficult environment, we remain very optimistic about American Tower's opportunity when conditions improve, which we fully expect will happen. We're maintaining our $215 fair value estimate and think the stock is very attractive. AMT is trading at a 31% premium.

Why is Amt trading at a 31% premium?

AMT is trading at a 31% premium. Carrier investment in towers must continue as mobile data usage continues growing rapidly. Greater use of Internet of Things (internet-connected kitchen appliances, for example), 5G, and video content should keep this trend in place for years.

Does Amt own a data center?

At the end of 2021, AMT expanded into data centers with the acquisition of CoreSite, a hybrid IT provider with 25 interconnected data centers in the U.S. The REIT currently owns a 72% share of CoreSite. The company has ongoing plans to leverage its U.S. data centers.

The World's Leading Crypto Trading Platform

Get my welcome gifts