Michael Elias, an analyst from TD Cowen, reiterated the Buy rating on Equinix. The associated price target is $1,123.00.
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Michael Elias has given his Buy rating due to a combination of factors tied to Equinix’s operating momentum and outlook. Despite a softer 4Q25 print, the company posted record retail bookings and issued stronger-than-expected guidance for 1Q26 and 2026, which he believes set the stage for accelerating revenue and monthly recurring revenue growth into 2H26 and beyond.
He also points to the potential for 2026–2027 revenue to exceed current expectations if the recent bookings strength endures, particularly as management tightens operating expenses and moderates capital spending. In his view, this combination should support 2027 AFFO per share at or above the high end of prior long-term targets, reinforcing Equinix as his preferred name within the REIT space and justifying a continued Buy recommendation.
In another report released today, BMO Capital also reiterated a Buy rating on the stock with a $1,050.00 price target.