10 Best 5G Stocks to Invest in According to Analysts

3. Crown Castle Inc. (NYSE:CCI)

Average Price Target Upside Potential According to Analysts: 33.35%

Number of Hedge Fund Holders: 34

Crown Castle Inc. (NYSE:CCI) is a real estate investment trust (REIT) and provider of shared communications infrastructure in the US. The company owns and leases over 40,000 cell towers and about 90,000 route miles of fiber supporting small cells and fiber solutions across major US markets. Crown Castle Inc. (NYSE:CCI) plays a vital role in the telecommunications infrastructure market, driven by the rapid rollout of 5G networks and the growing demand for high-speed connectivity.

The company has many clients, including wireless carriers, government agencies, and other businesses. Crown Castle Inc. (NYSE:CCI) has established significant partnerships with major wireless carriers to help provide 5G services. In January 2022, the company signed a 12-year agreement with T-Mobile US to support the continued build-out of T-Mobile’s 5G nationwide network with access to Crown Castle’s towers and small cell locations. Crown Castle Inc. (NYSE:CCI) has provided crucial support to T-Mobile, which offers one of the country’s largest, fastest, and most reliable 5G networks. This agreement is also expected to help Crown Castle Inc. (NYSE:CCI) generate long-term revenue growth. Previously, in January 2021, the company announced an agreement to support Verizon’s 5G Ultra Wideband and 5G Nationwide deployment by leasing 15,000 new small cells.

The company is positioned well to benefit from the rapid roll-out of 5G services by wireless carriers, which is driving demand for communication infrastructure required to support the fast data. Crown Castle Inc. (NYSE:CCI) is also strategically focused on improving profitability and operational excellence. In the fourth quarter of 2024, the company concluded discussions with its customers and decided to cancel about 7,000 greenfield small cell nodes. The cancellation is expected to help increase the value of the remaining nodes and also improve the company’s capital efficiency in the future.