American Tower (AMT) Surges 9.3%: Is This an Indication of Further Gains?

American Tower (AMT) shares jumped 9.3% to $182.24 on strong volume, driven by optimism around SpaceX's spectrum acquisition deal which could boost demand for terrestrial infrastructure and tower leasing opportunities. The company is expected to report quarterly FFO per share of $2.84 (+2.2% YoY) and revenues of $2.77 billion (+2.1% YoY). However, FFO estimate revisions have remained flat over the past 30 days, which historically correlates with limited near-term upside potential.