Summary:
- Crown Castle (CCI, Financial) sees significant executive changes with EVP stepping down.
- Current analyst consensus suggests a "Hold" rating for CCI stock.
- GuruFocus sees potential downside risk with its GF Value estimation.
Crown Castle (CCI) announced a pivotal change in its executive team as Edmond Chan, the Executive Vice President and Chief Information Officer, is set to step down on April 18. This development comes on the heels of former CEO Steven Moskowitz's recent departure. Prior to the market's opening on Thursday, Crown Castle shares recorded a decline of 1.71%, positioning the stock at $102.03.
Wall Street Analysts Forecast
The analysis from 17 leading financial experts projects an average one-year price target for Crown Castle Inc (CCI, Financial) at $110.71. The highest target suggests a potential reach of $123.00, while the lowest estimate points to $90.00. This average target presents a moderate upside of 2.03% from the current stock price of $108.50. For more in-depth data on these projections, visit the Crown Castle Inc (CCI) Forecast page.
Among 21 brokerage firms, the consensus for Crown Castle Inc's (CCI, Financial) stock is a recommendation score of 2.6, classifying it under the "Hold" category. This scale operates from 1 to 5, with 1 being a Strong Buy and 5 indicating a Sell recommendation.
According to GuruFocus metrics, the estimated GF Value for Crown Castle Inc (CCI, Financial) in the upcoming year is approximately $69.88. This estimation suggests a potential downside of 35.59% from the current valuation of $108.5. The GF Value assessment reflects a fair market price based on historical trading multiples, business growth trends, and anticipated future performance metrics. Investors can explore a more detailed breakdown on the Crown Castle Inc (CCI) Summary page.
