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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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
