Equinix’s Strong Q1 2025 Results and Raised Guidance Justify Buy Rating Amid Cautious Macroeconomic Environment

Analyst Michael Elias from TD Cowen reiterated a Buy rating on Equinix (EQIX – Research Report) and increased the price target to $1,018.00 from $978.00.

Michael Elias has given his Buy rating due to a combination of factors including Equinix’s strong first-quarter financial results for 2025 and the company’s raised guidance for the year. Despite some mixed signals in their key performance indicators and guidance for the second quarter, Elias is optimistic about management’s commentary on demand and potential cost-cutting measures.
Elias acknowledges the cautious macroeconomic environment, which could impact enterprise demand, but he is encouraged by Equinix’s ability to manage costs effectively. This ability to maintain growth in adjusted funds from operations per share (AFFO/share) even in a challenging demand environment reinforces his positive outlook on the stock. Furthermore, the upcoming Analyst Day in June is seen as a potential catalyst for the stock, supporting the Buy rating.

In another report released today, BMO Capital also reiterated a Buy rating on the stock with a $1,045.00 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.