Equinix price target lowered to $1,010 from $1,050 at Stifel

Stifel lowered the firm’s price target on Equinix (EQIX) to $1,010 from $1,050 and keeps a Buy rating on the shares after the company hosted its analyst day. Management’s long-term targets were “generally as expected for revenue,” but AFFO per share growth was below expectation at 5%-9% through 2029, impacted by an accelerated capital plan, the analyst tells investors. While the firm believes the long-term prospects remain positive and those targets will move higher as the magnitude of the AI opportunity remains robust and has accelerated, 2026 and 2027 will be impacted given the timing of investments, the analyst added.