10 Best 5G Stocks to Invest in According to Analysts

4. American Tower Corporation (NYSE:AMT)

Average Price Target Upside Potential According to Analysts: 29.40%

Number of Hedge Fund Holders: 73

American Tower Corporation (NYSE:AMT) is an American real estate investment trust (REIT) that provides the infrastructure for modern digital communications. It owns, develops, and operates wireless and broadcast communications infrastructure in 24 countries across 6 continents. With a portfolio of over 148,000 communications sites and a network of data centers in the US, American Tower Corporation (NYSE:AMT) serves mobile network operators, major telecommunications companies, and media and broadband providers. AMT ranks among the best 5G stocks to buy.

The company plays a crucial role in the 5G industry by supporting the networks through its wireless infrastructure sites. In the third quarter of 2024, American Tower Corporation (NYSE:AMT) reported ongoing growth and expansion of 5G coverage, driven by carrier rollouts in the US and Europe. The company is seeing a healthy pipeline of new business fueled by network upgrades and coverage expansion.

Mar Vista Investment Partners, LLC, an investment management company, has a positive outlook on American Tower Corporation (NYSE:AMT). In its “Strategic Growth Strategy” third quarter 2024 investor letter, the investment management firm noted that AMT experienced a significant rebound in the third quarter of 2024 by surging nearly 20%. This appreciation was driven by the decrease in interest rates. However, Mar Vista Investment Partners believe that the long-term global opportunities for 5G deployment, edge-of-network computing, and datacenters, remain promising and are not fully reflected in American Tower Corporation’s (NYSE:AMT) current stock price.