Professional
Added to YB: 2024-06-07
Pitch date: 2024-05-30
EQIX [bullish]
Equinix, Inc.
+1.75%
current return
Author Info
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Company Info
Equinix, Inc. (Nasdaq: EQIX) shortens the path to boundless connectivity anywhere in the world. Its digital infrastructure, data center footprint and interconnected ecosystems empower innovations that enhance our work, life and planet.
Market Cap
$74.0B
Pitch Price
$737.45
Price Target
1.0K (+33%)
Dividend
2.49%
EV/EBITDA
22.09
P/E
68.81
EV/Sales
10.23
Sector
Specialized REITs
Category
growth
Equinix, Inc.: AI and cloud momentum driving growth
EQIX: Argus maintains Buy, $1000 PT. Q1 AFFO $8.86 (+3% YoY), beats est. Rev +6% (85 straight qtrs growth). 2024 AFFO guide +7-10%, rev +6-7%. Div yield 2.2% (10% 5yr CAGR). Opportunities in global colocation mkt, AI & cloud demand. 40% intl rev. xScale JV to $8B. Risks: rates, oversupply. 21.9x 2025 P/AFFO < 24.8x hist. Solid growth, bookings, leadership justify premium.
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