BMO Capital Cuts Crown Castle (CCI) Price Target to $91
Key Points
- BMO Capital kept an Outperform rating on Crown Castle Inc. on October 22, 2026, while moving its price target down to $91 from $93.
- BMO Capital's $91 price target implies 15.70% upside from Crown Castle Inc.'s ($CCI) current $78.65 share price.
- Institutional investors like Bell Bank, Cohen & Steers, and Lazard Asset Management reported recent adjustments to their positions in the cell tower operator.
- The real estate investment trust recently traded around $78.65, sitting below its mean analyst price target of $94.30.
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On October 22, 2026, BMO Capital maintained its Outperform rating on Crown Castle Inc. (NYSE: CCI), while adjusting its price target down from $93 to $91. The research note provides a forward-looking view on the real estate investment trust as shares trade below the newly set target.
CCI
Crown Castle Inc.
BMO Capital vs. the S&P 500
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BMO Capital's Call on Crown Castle
In its research note issued on October 22, 2026, BMO Capital kept its Outperform rating on Crown Castle while lowering its target to $91 from $93. The firm joins other Wall Street institutions in updating views on the company.
Other Institutional Activity in Crown Castle
Bell Bank grew its holdings by 23,866 shares, ending with 107,989 shares worth about $7,197,467. Cohen & Steers Inc. reduced its stake by 1,279,547 shares, leaving it with 39,084,710 shares valued at roughly $3,085,737,735 as of June 30, 2026. Lazard Asset Management LLC grew its holdings by 1,637,060 shares, ending with 15,099,726 shares worth about $1,192,123,321.
Crown Castle Inc. Stock Down 3.1%
The stock recently traded around $78.65 as of October 22, 2026, compared to an event close of $78.95 on the same day. Shares sit 6.0% above their 50-day moving average of $74.18, but 4.4% below the 200-day moving average of $82.26.
$CCI price target
Crown Castle Inc. daily closes and this analyst's $91 target. Not advice.
Recent Earnings
Crown Castle generated trailing-twelve-month revenue of $4,161,000,000 with trailing earnings of $2.49 per share. The real estate operator reports a net profit margin of 20.7%.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
1 target raises vs 1 cuts.
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EPS & revenue
EPS missed estimates by 13.3%. Revenue met estimates.
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Profit surprise
EBITDA missed by 3 percent. Operating income met by 1 percent.
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Pre-earnings setup
Expectations were about average.
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Analyst signal
1 target raise, 1 target cut.
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Earnings quality
Gross margin down 1.1 points. Operating margin down 3.1 points. Positive free cash flow.
Earnings Call Summary
Crown Castle delivered a solid first quarter with organic growth of 3.1 percent, though this was held back by $49 million in DISH terminations and $5 million in Sprint cancellations. The company is pursuing a transformation to become a best-in-class tower operator by cutting costs by $65 million on an annualized basis, buying more land under towers, and exploring new revenue opportunities like edge data centers and power-as-a-service. Management remains confident in the legal case against DISH for unpaid obligations and expects the fiber and small cell sale to close by mid-2026.
Guidance Crown Castle kept its full year outlook unchanged. The company expects about $3.9 billion in site rental revenue for 2026 and $2.7 billion in adjusted EBITDA at the midpoint. The company plans to spend about $1 billion on share buybacks and $7 billion on debt repayment after selling its fiber and small cell businesses, expected to close in the first half of 2026.
Negative report. Results or guidance disappointed and expectations are likely to move lower.
Dividend
The company pays an annual dividend of $4.25 per share, giving the stock a dividend yield of 5.4%.
Insider Buying and Selling at Crown Castle Inc.
Company insiders executed several transactions over the prior months. General counsel Edward B. Adams Jr. sold 4,650 shares on February 25, 2026, at an average price of $86.34 for a total value of $401,481. Officer Robert Sean Collins sold 3,000 shares on February 27, 2026, at $87.49 per share, totaling $262,470. Director Kevin A. Stephens bought 820 shares on May 5, 2026, at $90.24 per share for a total value of $73,997. Later, Robert Sean Collins sold 1,500 shares on August 7, 2026, at $75.89 per share, amounting to $113,835.
Analysts Set New Price Targets
Barclays downgraded the stock to Overweight on August 20, 2026, with a target of $84 after previously holding a $92 target. JP Morgan downgraded the stock to Underweight on September 14, 2026, with an $80 target compared to $85 previously. Barclays later maintained an Overweight rating on September 30, 2026, raising its target to $86 from $84. TD Cowen maintained a Buy rating on October 22, 2026, lifting its target to $98 from $92. Wall Street maintains a consensus Buy recommendation on the stock from 21 analysts, with a mean price target of $94.30.
About Crown Castle
Crown Castle owns, operates, and leases roughly 40,000 cell towers across the United States. This nationwide infrastructure supports wireless service providers in delivering data and connectivity to communities.
Bottom Line
BMO Capital's updated target offers a fresh look at the valuation of the cell tower operator. Investors will continue to monitor upcoming analyst revisions and institutional filings for shifts in sentiment.
Related Filing Alerts
Source: BMO Capital's rating change on $CCI (Oct 22, 2026). Written by software, not financial advice. How we make alerts