Mizuho lowered the firm’s price target on Equinix (EQIX) to $900 from $1,069 and keeps an Outperform rating on the shares. The stock has de-rated following the company’s investor day, which the firm sees providing “an attractive long-term opportunity,” the analyst tells investors. The firm’s updated model suggests FY26 top-line growth of 8.2%, down from a previous 8.6% estimate, and AFFO of $39.97, down from a prior view of $41.12, suggesting growth next year of 5.3%, the analyst noted.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on EQIX:
- Dutch Bros, Equinix, Centrus, Truist, Amcor: Trending by Analysts
- Shell denies deal talks with BP, Micron reports Q3 beat: Morning Buzz
- General Mills upgraded, Trade Desk downgraded: Wall Street’s top analyst calls
- Equinix price target lowered to $1,010 from $1,050 at Stifel
- Equinix price target lowered to $935 from $975 at JPMorgan