Equinix Buy Rating: Strong Performance, Strategic Growth, and Compelling Valuation

Wells Fargo analyst Eric Luebchow has reiterated their bullish stance on EQIX stock, giving a Buy rating today.

Eric Luebchow has given his Buy rating due to a combination of factors that highlight Equinix’s strong performance and future prospects. The company has demonstrated resilience in demand despite macroeconomic uncertainties, achieving its second-best bookings quarter with notable strength in the Americas. This robust demand is expected to continue, with recurring revenue projected to increase and accelerate year-over-year as the year progresses.
Additionally, Equinix’s focus on cost efficiencies has resulted in significant improvements in EBITDA and AFFO, surpassing expectations and indicating potential for further margin expansion. The company’s strategic initiatives, such as the xScale U.S. joint venture, are progressing well, with anticipated growth in leasing activities in the latter half of the year. These factors, combined with a compelling valuation at less than 20 times the 2026 AFFO, support the positive outlook and Buy rating for Equinix’s stock.

In another report released today, Bank of America Securities also reiterated a Buy rating on the stock with a $1,050.00 price target.

Based on the recent corporate insider activity of 71 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of EQIX in relation to earlier this year.