Citigroup Lowers Crown Castle (NYSE:CCI) Price Target to $98.00

Crown Castle (NYSE:CCI) had its price target decreased by equities researchers at Citigroup from $106.00 to $98.00 in a report released on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the real estate investment trust’s stock. Citigroup’s target price would suggest a potential upside of 30.77% from the stock’s current price.

A number of other equities analysts also recently weighed in on CCI. Weiss Ratings reissued a “hold (c-)” rating on shares of Crown Castle in a research note on Friday, May 22nd. Barclays boosted their target price on shares of Crown Castle from $91.00 to $92.00 and gave the company an “equal weight” rating in a report on Monday, May 4th. The Goldman Sachs Group began coverage on shares of Crown Castle in a research report on Friday, June 26th. They set a “neutral” rating and a $95.00 price target on the stock. Truist Financial initiated coverage on Crown Castle in a report on Tuesday, March 31st. They set a “hold” rating and a $90.00 price target for the company. Finally, TD Cowen lowered their price objective on Crown Castle from $94.00 to $92.00 and set a “buy” rating for the company in a research report on Thursday. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and twelve have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $95.92.

Crown Castle Price Performance

Shares of CCI stock opened at $74.94 on Friday. The stock has a market capitalization of $32.71 billion, a PE ratio of 38.04, a PEG ratio of 0.38 and a beta of 0.95. The business’s 50 day simple moving average is $84.38 and its 200 day simple moving average is $85.74. Crown Castle has a one year low of $73.75 and a one year high of $113.80.

Crown Castle (NYSE:CCI) last released its quarterly earnings results on Wednesday, April 22nd. The real estate investment trust reported $1.02 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.55. Crown Castle had a net margin of 20.71% and a negative return on equity of 51.60%. The firm had revenue of $1.01 billion during the quarter, compared to analyst estimates of $995.41 million. During the same quarter last year, the business earned $1.10 EPS. The company’s revenue was down 4.9% compared to the same quarter last year. As a group, research analysts expect that Crown Castle will post 4.39 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Universal Beteiligungs und Servicegesellschaft mbH lifted its holdings in shares of Crown Castle by 9.9% in the fourth quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 672,933 shares of the real estate investment trust’s stock valued at $60,086,000 after purchasing an additional 60,497 shares in the last quarter. Cooke & Bieler LP grew its holdings in Crown Castle by 21.2% during the fourth quarter. Cooke & Bieler LP now owns 2,930,797 shares of the real estate investment trust’s stock worth $260,460,000 after buying an additional 511,763 shares in the last quarter. Aberdeen Group plc grew its holdings in Crown Castle by 13.9% during the fourth quarter. Aberdeen Group plc now owns 1,052,667 shares of the real estate investment trust’s stock worth $93,551,000 after buying an additional 128,212 shares in the last quarter. Skylands Capital LLC raised its position in Crown Castle by 6.2% in the 4th quarter. Skylands Capital LLC now owns 262,050 shares of the real estate investment trust’s stock valued at $23,288,000 after buying an additional 15,300 shares during the last quarter. Finally, Fisher Asset Management LLC raised its position in Crown Castle by 1.0% in the 4th quarter. Fisher Asset Management LLC now owns 5,506,580 shares of the real estate investment trust’s stock valued at $489,370,000 after buying an additional 54,078 shares during the last quarter. 90.77% of the stock is owned by institutional investors.

Key Crown Castle News

Here are the key news stories impacting Crown Castle this week:

• Positive Sentiment: Crown Castle beat Q2 expectations on key measures, including FFO and revenue, helped by lower interest expense. The company also updated full-year 2026 outlook, which suggests management sees improved operating momentum and progress from asset sales, debt repayment, and land investments. Crown Castle Reports Second Quarter 2026 Results and Updates Outlook for Full Year 2026
• Positive Sentiment: Analysts remain generally constructive despite trimming targets: Citigroup kept a buy rating, Citizens JMP kept market outperform, TD Cowen kept buy, and RBC kept outperform. Even with lower targets, the firms still see meaningful upside from current levels, signaling that expectations for CCI remain relatively favorable. Analyst price target updates
• Neutral Sentiment: Multiple analysts lowered price targets after the earnings release, including Citigroup to $98 from $106, Citizens JMP to $120 from $125, JPMorgan to $85 from $95, TD Cowen to $92 from $94, and RBC to $90 from $92. The cuts reflect a more cautious valuation stance, but not a bearish shift in ratings overall. Analyst price target updates
• Neutral Sentiment: Other coverage highlighted that Q2 results beat estimates even as site-rental revenue was affected by certain items, suggesting the quarter was solid but still showed some business mix or timing pressure. Crown Castle Q2 earnings beat even as site rental revenue impacted by items
• Negative Sentiment: Despite the earnings beat, the stock remains well below its recent highs, and the repeated target cuts may indicate analysts are resetting expectations for slower growth or a lower valuation multiple going forward. Analyst price target updates

About Crown Castle

Crown Castle is a U.S.-focused communications infrastructure company organized as a real estate investment trust (REIT) that owns, operates and leases shared wireless infrastructure. Its primary business consists of providing tower-based site leases, small cell networks and fiber solutions that support mobile voice and data transmission for wireless carriers, cable companies and other enterprise customers. The company’s assets are positioned to enable network coverage and capacity, including the densification projects associated with 4G LTE and 5G deployments.

Its product and service offerings include ground-based tower sites that host multiple wireless operators, distributed small cell nodes and associated fiber backhaul used to connect sites into carrier networks, and site development and maintenance services.