TD Cowen Has Lowered Expectations for Crown Castle (NYSE:CCI) Stock Price

Crown Castle (NYSE:CCI) had its target price dropped by research analysts at TD Cowen from $94.00 to $92.00 in a research note issued to investors on Thursday, MarketBeat.com reports. The firm presently has a “buy” rating on the real estate investment trust’s stock. TD Cowen’s price target points to a potential upside of 22.76% from the stock’s current price.

Other equities research analysts have also recently issued reports about the stock. Barclays upped 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. KeyCorp lifted their target price on Crown Castle from $98.00 to $105.00 and gave the company an “overweight” rating in a research note on Thursday, April 23rd. Jefferies Financial Group boosted their target price on Crown Castle from $84.00 to $89.00 and gave the company a “hold” rating in a report on Tuesday, April 14th. Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Crown Castle in a report on Friday, May 22nd. Finally, Wolfe Research cut shares of Crown Castle from an “outperform” rating to a “peer perform” rating in a research note on Wednesday, May 20th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and twelve have issued a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $95.92.

Crown Castle Trading Up 0.5%

Shares of CCI opened at $74.94 on Thursday. The firm has a market cap of $32.71 billion, a PE ratio of 38.04, a price-to-earnings-growth ratio of 0.38 and a beta of 0.95. The company’s 50 day simple moving average is $84.38 and its 200-day simple moving average is $85.74. Crown Castle has a 12-month low of $73.75 and a 12-month 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 EPS for the quarter, beating 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 the consensus estimate of $995.41 million. During the same quarter in the prior year, the firm earned $1.10 EPS. Crown Castle’s revenue for the quarter was down 4.9% on a year-over-year basis. As a group, equities research analysts forecast that Crown Castle will post 4.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Crown Castle

Institutional investors and hedge funds have recently modified their holdings of the company. Wiser Advisor Group LLC purchased a new stake in Crown Castle during the third quarter worth $29,000. Hilton Head Capital Partners LLC raised its stake in shares of Crown Castle by 55.6% during the 1st quarter. Hilton Head Capital Partners LLC now owns 375 shares of the real estate investment trust’s stock worth $31,000 after buying an additional 134 shares during the last quarter. Triumph Capital Management acquired a new position in shares of Crown Castle during the 3rd quarter worth $31,000. Global Assets Advisory LLC purchased a new stake in shares of Crown Castle in the 1st quarter worth about $32,000. Finally, Salomon & Ludwin LLC boosted its position in shares of Crown Castle by 128.7% in the 4th quarter. Salomon & Ludwin LLC now owns 382 shares of the real estate investment trust’s stock worth $34,000 after buying an additional 215 shares in the last quarter. Institutional investors and hedge funds own 90.77% of the company’s stock.

Crown Castle News Summary

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.