Equinix upgraded to Outperform from Market Perform at BMO Capital

BMO Capital analyst Ari Klein upgraded Equinix (EQIX) to Outperform from Market Perform with an unchanged price target of $900. The firm views the stock’s risk/reward as compelling following the 23% drop year-to-date. While Equinix’s analyst day outlook in June disappointed, BMO is increasingly optimistic “on its building blocks for growth,” the analyst tells investors in a research note. The firm believes the company’s bookings momentum, focus on margin expansion, pull-forward on development pipeline timelines, and lower rates support upside to 2026 expectations.