RBC Capital analyst Jonathan Atkin raised the firm’s price target on Equinix to $950 from $855 and keeps an Outperform rating on the shares. The company’s Q4 earnings topped estimates, though its its 2024 guidance for revenue growth was shy of the management’s target range, the analyst tells investors in a research note. RBC further notes that Equinix is seeing solid gross demand and favorable pricing dynamics.
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