BMO Capital analyst Ari Klein maintained a Hold rating on Equinix today and set a price target of $900.00.
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Ari Klein has given his Hold rating due to a combination of factors that reflect both positive developments and areas of concern for Equinix. The company showed impressive performance in the third quarter, with notable growth in bookings and interconnection additions, as well as operational efficiencies. These factors contributed to an upward revision of the 2025 guidance and suggest potential for further growth in 2026.
However, despite these positive indicators, there are some reservations. The same-store growth was not as robust, and there is a belief that the 2026 guidance may have been conservative from the outset. While the outlook for 2026 includes positive building blocks, such as improved margins and lower financing costs, the potential offset from investment pull-forwards adds an element of uncertainty. These mixed signals led to the decision to maintain a Hold rating on Equinix’s stock.