BMO Capital analyst Ari Klein raised the firm’s price target on Equinix to $755 from $740 but keeps a Market Perform rating on the shares after its Q4 results. The company continues to execute well and push pricing with little evidence of customer pushback and same-store revenue growth of 6% that remains elevated, the analyst tells investors in a research note. The firm adds however that while "broadly solid", Eqinix’s quarter also "lacked upside", and its soft interconnection net adds point to moderating usage based demand.
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Published first on TheFly
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Read More on EQIX:
- Equinix price target raised to $825 from $800 at Raymond James
- Equinix price target lowered to $753 from $762 at Credit Suisse
- Equinix price target raised to $760 from $750 at Oppenheimer
- Equinix sees FY23 AFFO $30.79-$31.64, consensus $31.55
- Equinix sees Q1 revenue $1.965B-$1.995B, consensus $1.91B