JPMorgan lowered the firm’s price target on Equinix (EQIX) to $935 from $975 and keeps an Overweight rating on the shares following the analyst day. The stock dropped 9% yesterday as the company provided disappointing financial guidance, the analyst tells investors in a research note. The firm says Equinix guided for annual revenue growth of 7%-10% from 2025 to 2029, with growth at the lower end of the range to start before accelerating to the higher end in later years.
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