BMO lifts Equinix to 'outperform', expects margin gains

BMO upgrades data center operator Equinix EQIX.O to "outperform" from "market perform", PT unchanged at $900

Brokerage sees strong long-term growth potential for co, driven by improving fundamentals, margin expansion, accelerated development, and favorable market conditions despite near-term challenges

Accelerating outsourcing, tight supply, strong hyperscale demand, and AI-driven growth could lift estimates and expand co's valuation multiple, says BMO

However, cuts 2026 FFO/unit forecast to $31.34/share from $31.53/share

23 of 29 brokerages rate the stock "buy" or higher, 6 "hold"; their median PT is $955 - data compiled by LSEG

As of last close, stock down 22.9% YTD