BMO Capital lowered the firm’s price target on Equinix (EQIX) to $1,065 from $1,085 and keeps an Outperform rating on the shares. The company’s Q4 results were light and 2025 guidance fell short, but there was considerable noise, particularly from FX, and most underlying metrics were positive, the analyst tells investors in a research note. Despite some capacity constraints, Equinix delivered record gross bookings with backlog at a multi-year high, and AI demand appears to be ramping, BMO adds.
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