Evercore ISI raises Equinix stock price target on strong demand
Evercore ISI raised its price target on Equinix stock to $1,240 from $1,060, maintaining an Outperform rating amid strong demand and pricing strength. The firm expects Equinix to report first-quarter 2026 results above consensus and raise its full-year guidance. Recent product launches, leadership changes, and analyst coverage reaffirm confidence in the company's strategic direction and market position.
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Investing.com - Evercore ISI raised its price target on Equinix Inc. shares (NASDAQ:EQIX) to $1,240 from $1,060 while maintaining an Outperform rating. The stock currently trades at $1,089.85, near its 52-week high of $1,128.68, reflecting strong momentum with a 43% year-to-date gain. The firm expects Equinix to report first-quarter 2026 revenue and adjusted funds from operations per share above current consensus estimates of $2.515 billion and $11.00, respectively. The company is scheduled to report earnings on April 29 after market close. According to InvestingPro data, three analysts have revised their earnings upwards for the upcoming period, one of 18+ ProTips available to subscribers. Evercore ISI analyst John Belton cited strong demand driven by new cabinets and pricing strength.
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