Equinix (EQIX) PT Lowered to $950 at Citi

Citi analyst Michael Rollins lowered the price target on Equinix (NASDAQ: EQIX) to $950.00 (from $990.00) while maintaining a Buy rating.

The analyst comments "We are updating our EQIX model to incorporate the company’s updated multi-year annual financial guidance from its 2025 Analyst Day. We have updated our outlook for a faster pace of retail capacity expansion, some moderation in the pace of margin expansion, and higher financing costs from the incremental borrowings. The change to our estimates diluted our EQIX target price by 4% to $950 per share. We maintain our Buy rating on EQIX on the prospects to improve core recurring revenue performance, expand margins on a multi-year basis (even if back-end weighted), and narrow its valuation gap to DLR."

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