Analyst Michael Elias from TD Cowen reiterated a Buy rating on Equinix and increased the price target to $995.00 from $993.00.
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Michael Elias has given his Buy rating due to a combination of factors including Equinix’s strong performance in the third quarter of 2025 and promising future prospects. The company reported robust bookings for the quarter, which management attributes to a “structural acceleration” in enterprise demand. This positive trend in bookings is expected to continue into 2026, bolstered by a strong demand pipeline and late-stage negotiations for leasing capacity at its Atlanta xScale site.
Moreover, Equinix’s management has adjusted its 2025 guidance, reflecting a lower revenue due to foreign exchange impacts but higher EBITDA and AFFO due to outperformance. Despite the challenges posed by the 4Q25 xScale NRR, the company is positioned well for growth, with a projected 6% increase in AFFO per share by 2026. The stock is currently trading near trough valuations, and the anticipated 2026 guidance is seen as a pivotal moment that could enhance the stock’s performance, reinforcing the Buy rating.
In another report released on October 28, Evercore ISI also maintained a Buy rating on the stock with a $960.00 price target.
EQIX’s price has also changed slightly for the past six months – from $851.650 to $797.730, which is a -6.33% drop .