On Oct 17, major Wall Street analysts update their ratings for $Crown Castle (CCI.US)$, with price targets ranging from $115 to $127.
BofA Securities analyst David Barden maintains with a hold rating, and maintains the target price at $115.
Jefferies analyst Jonathan Petersen maintains with a buy rating, and adjusts the target price from $116 to $127.
TD Cowen analyst Michael Elias maintains with a buy rating, and maintains the target price at $123.
KeyBanc analyst Brandon Nispel maintains with a hold rating.
Scotiabank analyst Maher Yaghi maintains with a hold rating, and maintains the target price at $118.
Furthermore, according to the comprehensive report, the opinions of $Crown Castle (CCI.US)$'s main analysts recently are as follows:
Crown Castle's third-quarter revenues met expectations, with EBITDA and adjusted FFO surpassing estimates by 2%-4%. It is anticipated that an 8% reduction in AFFO per share will occur in 2024 due to higher interest, a reduced contribution from services, along with smaller prepaid amortization and Sprint cancellation fees. This is likely to be succeeded by minor single-digit declines in 2025 before a resumption of growth in 2026.
Crown Castle's Q3 AFFO per share marginally surpassed estimates, and the FY24 outlook was reaffirmed. The Q3 outcomes were largely seen as exceeding expectations. Although there were no new developments in the fiber strategic review this quarter, recent press reports indicate that updates may be forthcoming.
The firm noted a modest outperformance in the third quarter of 2024 while largely preserving its guidance for the year. The primary point of interest continues to be the outcome of the strategic review of Fiber, on which management has offered minimal new information.
Here are the latest investment ratings and price targets for $Crown Castle (CCI.US)$ from 5 analysts:
Note:
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