Equinix price target raised to $755 from $740 at BMO Capital
The Fly

Equinix price target raised to $755 from $740 at BMO Capital

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.

Published first on TheFly

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