Equinix's Booking Momentum Driven by Rising AI Workloads, BofA Says
MT Newswires Live
Feb 12
Equinix's (EQIX) solid booking momentum from rising AI workloads is expected to drive a positive stock reaction, BofA Securities said in a Thursday research report.
The company's Q4 financial results were impacted by the timing of the Hampton xScale leasing, but it is positioned to trade at a premium to the broader real estate investment trust sector, the firm said.
BofA now expects 2026 adjusted funds from operations of $42.44 per share on revenue of $10.19 billion.
The brokerage said it reiterated its buy rating on the stock and boosted its price target to $1,050 from $950.
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