Wolfe Research upgraded Equinix (EQIX) to Outperform from Peer Perform with a $978 price target Reduced job/GDP growth estimates may place many REITs at risks, and Equinix’s strong balance sheet, low dividend payout, and large cash balance offer relative support in a downturn, the analyst tells investors in a research note. The firm added that, despite concerns over cheaper large language model builds and lower hyperscaler spend pressuring data center stocks, most Equinix revenue comes from retail, as wholesale exposure is largely offshore.
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Read More on EQIX:
- Equinix upgraded to Outperform from Peer Perform at Wolfe Research
- Equinix price target raised to $834 from $822 at Barclays
- Equinix price target lowered to $990 from $1,028 at Truist
- Equinix price target raised to $1,040 from $1,033 at Scotiabank
- Equinix Achieves Record Revenue, Signals Growth Ahead
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