Gevo shares jump as Q3 results top estimates, posts positive EBITDA
Investing.com - BMO Capital raised its price target on Equinix (NASDAQ:EQIX) to $900 from $850 while maintaining a Market Perform rating, citing strong third-quarter performance and improved 2025 guidance. The new target represents about 7% upside from the current price of $843.38, though still below the analyst high target of $1,200. According to InvestingPro data, Equinix appears overvalued relative to its Fair Value assessment.
The data center REIT delivered better-than-expected adjusted funds from operations (AFFOps) in the third quarter, prompting management to raise its full-year 2025 guidance on the back of several positive underlying trends. With a market capitalization of $82.8 billion, Equinix maintains a "GOOD" overall financial health score of 2.72 according to InvestingPro metrics.
Bookings grew 25% year-over-year, while interconnection net adds reached a multi-year high, demonstrating robust demand for Equinix’s services across its global platform.
The company’s xScale initiative is approaching a major lease agreement in Atlanta, and Equinix continues to deliver on operational expense efficiencies, further strengthening its financial position.
BMO Capital noted that building blocks for 2026 suggest potential upside to the 5% AFFOps growth outlined at Equinix’s June analyst day, though same-store growth remained sluggish in the most recent quarter.
In other recent news, Equinix Inc. reported its third-quarter 2025 financial results, revealing a 5% increase in global revenues to 2.32 billion dollars. This growth was attributed to strong demand across various sectors and regions. The company’s adjusted EBITDA also rose by 8% to 1.15 billion dollars, accounting for 50% of total revenues. These results highlight Equinix’s continued financial strength and operational efficiency. Despite the positive earnings, the stock price showed no significant change in the extended session. Investors and analysts will likely focus on these financial metrics as indicators of the company’s health. The recent developments underscore Equinix’s ability to navigate market demands effectively.
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