Equinix (EQIX) Stock: $950 Price Target And Buy Rating

By Amit Chowdhry ● Apr 3, 2022
  • The shares of Equinix (NASDAQ: EQIX) have received a $950 price target from Citi. These are the details.

The shares of Equinix (NASDAQ: EQIX) have received a $950 price target from Citi. And Citi analyst Michael Rollins resumed coverage on Equinix with a “Buy” rating.

Rollins noted that the target and estimates remain unchanged from our last publication. And Rollins continues to recommend the company as a top-ranked data center given the opportunities to sustain favorable revenue and AFFOPS growth relative to its competitors while maintaining a differentiated global portfolio of retail-centric data centers.

“Meanwhile, the company’s xScale strategy is designed to enhance the value of its campus, while leveraging external capital to largely fund the development. Net-net, we remain positive on the financial outlook to grow revenue and AFFOPS with some positive optionality from xScale, new digital services, potentially employing greater financial leverage, and expanding the revenue total addressable market (TAM) from new and innovative digital infrastructure services.”

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.