Equinix, Inc. (EQIX) Sees Positive Momentum Despite Price Target Cut, Argus Highlights Growth in EMEA and APAC

Argus recently lowered the price target on Equinix, Inc. (NASDAQ:EQIX) to $955 from $972 but kept a Buy rating on the shares. Equinix, Inc. (EQIX) is a California-based real estate trust that operates data centers and other technology assets. In an investor note, the analyst highlighted that the stock had been volatile, reflecting Information Technology sector rotation, though the advisory continued to see positive momentum for the shares based on fundamental growth and positive momentum in the income sector.

Argus added that it sees data storage business as a good investment, with strong growth prospects in the EMEA and APAC regions offsetting slower growth in North America.

A team of IT professionals working on a digital platform, indicating the company’s agile digital services.

During the latest earnings call, the company raised its 2025 revenue guidance by $142 million, maintaining expected growth of 7%-8% on a normalized and constant currency basis. Adjusted EBITDA guidance was increased by $85 million, with margins expected to reach approximately 49% for the year. The company is targeting $3.4 billion to $3.7 billion in capital expenditures for 2025, including $180 million in xScale-related spending.

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