Equinix price target raised to $925 from $910 at BMO Capital

BMO Capital analyst Ari Klein raised the firm’s price target on Equinix to $925 from $910 and keeps an Outperform rating on the shares. The company’s Q4 results were “in-line”, with xScale leasing strength providing the highlight and AI momentum increasing, the analyst tells investors in a research note. Enterprise related softness/optimization, higher churn, and capacity constraints are revenue headwinds, but growth is expected to improve through the year given robust pipelines, solid pricing dynamics and moderating churn expected in the second half, BMO added.