TD Cowen maintains Buy rating on Crown Castle, $98 price target
TD Cowen reaffirmed a Buy rating and $98 price target for Crown Castle, implying 24.6% upside from the Oct 21 close. The company raised 2026 revenue and EBITDA guidance, citing growth catalysts like 6G and mobile data traffic.
How this was made

The 30-second read
Why it matters
The upgrade could attract new buying interest and support the stock toward the target level.
Market read
Analyst rating and price target provide a fresh catalyst for Crown Castle, potentially influencing short‑term price action.
What to watch
Potential regulatory or competitive pressures on tower leasing rates.
Background
TD Cowen's research note reiterates a Buy stance on Crown Castle with a new $98 price target, citing strong guidance and upcoming 6G and mobile data growth.
Ticker impact
TD Cowen maintained a Buy rating on Crown Castle and set a $98 price target, implying a 24.6% upside from the recent close.
likely upward pressure as investors price in the new $98 target
The rating and target are fresh analyst guidance, providing a concrete catalyst for buying interest.
Market effects
Positive outlook for telecom infrastructure and tower REIT sector.
U.S. market may see modest gains in related infrastructure stocks.
Limited to U.S. investors focused on tower REITs.
Counterpoint
Some investors may view the target as overly optimistic given macro uncertainties.
Key entities
- CompanyCrown Castle
U.S. telecom tower REIT (ticker CCI).
- Research FirmTD Cowen
Equity research analyst firm providing the rating.
