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.
Elevate Your Investing Strategy:
- 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:
- Equinix Unveils Strong Growth Projections at Analyst Day
- Equinix downgraded to Market Perform from Outperform at BMO Capital
- Equinix Hold Rating: Balancing Long-Term Growth Potential with Near-Term AFFOps Challenges
- Equinix downgraded to Market Perform from Strong Buy at Raymond James
- Equinix down over 8% as analyst day continues