Wells Fargo raised the firm’s price target on Equinix (EQIX) to $1,100 from $985 and keeps an Overweight rating on the shares. The firm remains bullish on data center stocks into 2025, with leasing remaining at record levels, market rents pushing higher and strong visibility to about 8%-10%+ AFFO/share growth in 2026-plus. Equinix is Wells’ top idea.
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