Americold Realty Trust

COLD · NYSE

$14.10+$0.38 (+2.77%)TodayMarket closed · Oct 20, 7:33 PM ET

Prev close $13.72

COLD analyst rating

HoldConsensus of 13 analysts over the last 12 months. 38% rate it a buy.

Strong buy0
Buy5
Hold7
Underperform1
Sell0

12-month price target · 18 analysts

Average $16.66 (+18.2% upside)

Low: $13.13
Now: $14.10
High: $22.05

Upgrades and downgrades

The latest rating actions, newest first

COLD analyst upgrades, downgrades and rating actions
Firm	Date	Action	Rating	Price target	Hit rate
UBS	Oct 20, 2026	Maintains	Neutral	$16.00 → $14.00	45%
Piper Sandler	Oct 12, 2026	Maintains	Neutral	$17.00 → $15.00	44%
Scotiabank	Oct 2, 2026	Upgrade	Sector Perform → Sector Outperform	$16.00	39%
JP Morgan	Sep 24, 2026	Upgrade	Underweight → Neutral	$16.00	53%
Evercore ISI Group	Sep 21, 2026	Maintains	Outperform	$19.00 → $18.00	41%
B of A Securities	Aug 18, 2026	Upgrade	Underperform → Neutral	$15.00 → $16.00	41%
RBC Capital	Aug 17, 2026	Maintains	Sector Perform	$16.00	58%
Scotiabank	Aug 13, 2026	Maintains	Sector Perform	$15.00 → $16.00	39%
Evercore ISI Group	Aug 7, 2026	Maintains	Outperform	$18.00 → $19.00	41%
Piper Sandler	Jul 21, 2026	Maintains	Neutral	$13.00 → $17.00	44%

The case for and against

Updated Oct 15, 2026

Bull case

Americold Realty Trust is positioned favorably because it delivered healthy 2Q26 and 1Q26 updates with stronger operating trends, solid progress on stated objectives, and a new JV that could help de-lever the balance sheet. Its large completed development pipeline offers meaningful external growth potential, while a quicker recovery in consumer demand could stabilize same-store NOI, improve occupancy, and support modest rate increases. The company’s scale in temperature-controlled logistics, plus sustainability initiatives and the 2022 handling of 96 billion pounds of food, reinforce a durable long-term franchise with improving AFFO prospects.

Bear case

Americold Realty Trust is facing a pressured near-term outlook because its core earnings are expected to decline 9.3% in 2026 and 11.0% in 2026 before only modestly recovering in 2027 and 2028, reflecting weak operating leverage in its temperature-controlled warehouse platform. Although management has benefited from better occupancy, throughput, and rates, those gains are partly offset by AFFO dilution from the $1.3 billion JV with EQT and the need to rely on non-core asset sales such as $29 million in 2Q26 and another 15 facilities under review. The bearish view is further supported by uncertain consumer demand, possible food price inflation that could pressure volumes, and competitive risks from new PRW operators, automation, and past cybersecurity disruptions.

Information on this page is provided for informational purposes only and is not a recommendation to buy, sell or hold any security. Investing involves risk, including possible loss of principal. Market data is delayed at least 15 minutes and is provided without warranty. Analyst ratings, price targets and company data come from third-party sources. Past performance does not guarantee future results.