Crown Castle (CCI) Receives $102 Price Target Amid Dish Cancellation Impact
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowCrown Castle Inc. (NYSE: CCI) received an 'Outperform' rating and a price target of $102 from Bernstein SocGen Group. The firm forecasts low single-digit revenue growth following a slump in 2026 due to $3.5 billion in contract cancellations by Dish Network, which accounted for about 5% of Crown Castle’s total annual site rental revenue by the end of 2025. Crown Castle's earnings per site stand at $102, compared to competitors American Tower and SBA Communications at $125,000 and $107,000 respectively. The company's portfolio includes over 40,000 cell towers, and Bernstein anticipates carrier renewals will yield approximately a 3% year-over-year increase, excluding losses from Sprint and Dish.
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About Crown Castle Inc. (CCI)
Crown Castle owns U.S. wireless towers and fiber infrastructure as a REIT.
The Real Estate sector covers REITs and property companies whose income is tied to rents and interest rates.
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