Raymond James analyst Frank Louthan double upgraded Equinix (EQIX) to Strong Buy from Market Perform with a $1,250 price target following the Q1 report. The firm believes Equinix is “firmly back in the driver seat” after last year’s adjustments and is benefiting from AI-based demand. The company has “turned the corner,” having demonstrated strong execution across several consecutive quarters, the analyst tells investors in a research note.
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