What the Options Market Tells Us About American Tower
Portfolio Pulse from Benzinga Insights
High-rolling investors have shown a bullish sentiment on American Tower (NYSE:AMT) through significant options trading, as tracked by Benzinga. The options market activity indicates a price target range of $175.0 to $180.0 for AMT. The company, operating as an REIT, owns over 220,000 cell towers globally and has seen its stock price increase by 3.74% to $177.98. Analysts have given mixed reviews, with an average target price of $217.25, ranging from a strong buy to neutral ratings.
May 01, 2024 | 7:46 pm
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American Tower's bullish options trading and analyst ratings suggest a positive short-term outlook, with a current stock price increase to $177.98 and an average analyst target price of $217.25.
The bullish sentiment in the options market, combined with a significant stock price increase and optimistic analyst target prices, indicates a strong short-term positive impact on AMT's stock price. The detailed options trading data and analyst ratings provide a solid basis for anticipating upward movement in the stock price.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100