Analyst Expects Equinix To Raise Long-Term Outlook At Upcoming Investor Day
Portfolio Pulse from Lekha Gupta
BMO Capital Markets analyst Ari Klein raised the price target of Equinix Inc (NASDAQ:EQIX) to $870 from $800, maintaining an Outperform rating. Klein expects EQIX to raise its long-term revenue growth guidance and AFFO per share growth guidance at its upcoming investor day on June 21.
June 16, 2023 | 5:55 pm
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Equinix's price target has been raised to $870 by BMO analyst Ari Klein, who expects the company to raise its long-term revenue growth guidance and AFFO per share growth guidance at its upcoming investor day.
The analyst's bullish stance on EQIX's high-quality portfolio, strong pricing power, competitive moat, and fortress balance sheet, combined with the expectation of increased long-term revenue growth guidance and AFFO per share growth guidance, suggests a positive short-term impact on the stock price.
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IMPORTANCE 80
RELEVANCE 100