Citi raised the firm’s price target on Equinix (EQIX) to $990 from $970 and keeps a Buy rating on the shares. The company reported solid Q1 financials and upwardly revised 2025 guidance that demonstrated better underlying performance and a strong boost from the weaker U.S. dollar, the analyst tells investors in a research note. The firm believes the results and commentary support a favorable demand backdrop for Equinix’s retail-centric services.
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