Crown Castle's stock experienced a significant pre-market plunge of 6.62% on Thursday, reflecting heightened investor concerns about the company's near-term prospects.

The sharp decline comes after several major Wall Street firms, including BMO Capital, Raymond James, RBC, Wells Fargo, and JP Morgan, simultaneously lowered their price targets for the telecommunications infrastructure company. These analyst actions were prompted by Crown Castle's recent fourth-quarter earnings report, which included a weak 2026 outlook and announced a substantial 20% workforce reduction aimed at generating $65 million in savings.

Further contributing to the negative sentiment, Crown Castle revealed it has removed leasing revenues tied to DISH Wireless from its future forecasts after the wireless carrier defaulted on payments. The combination of restructuring efforts, disappointing forward guidance, and lost revenue streams has created substantial uncertainty around the company's transition to a pure-play tower operator, prompting the widespread analyst downgrades and subsequent pre-market sell-off.