AMT growth prospects despite Latin America headwinds

What happened: American Tower Corporation (NYSE:AMT) reported first-quarter AFFO of $2.84 per share on April 28, 2026, surpassing consensus estimates of $2.50. Revenue also beat estimates, rising to $2.74 billion. Despite headwinds in Latin America, AMT's growth prospects remain strong, with the company being named among the 8 best infrastructure stocks with high upside potential.

Market impact: AMT's strong performance has positively impacted the wireless infrastructure sector. The company's high dividend yield of 3.87% has also attracted income-oriented investors, making it one of the 10 best high-yield dividend growth stocks. However, analysts' views on AMT remain mixed, with Barclays lowering its price target while Mizuho maintained a positive outlook.

What to watch next: AMT's second-quarter earnings report, scheduled for August 4, 2026, will provide further insight into the company's growth trajectory. Additionally, investors should monitor any updates on Latin American operations, as they could significantly impact AMT's overall performance. Lastly, any changes in analyst ratings or price targets could influence investor sentiment towards AMT.